Updated by Faith Barbara N Ruhinda at 2120 EAT on Sunday 27 July 2025

Speaking to reporters, former President Donald Trump described the newly agreed EU–US trade deal as “great for cars” and said it would have a significant impact on agriculture.

He also indicated that further trade agreements may be on the horizon, telling reporters he is “looking at three or four other countries” for potential deals — but noted that these too would likely involve some form of tariffs.

European Commission President Ursula von der Leyen confirmed that the deal includes a uniform 15% tariff on all European exports to the United States — a significant reduction from the 30% rate Washington had previously threatened to impose.

In return, the agreement includes commitments from Brussels to make billions of dollars in investments and energy purchases from the U.S., marking a broader effort to deepen transatlantic economic ties.

President Donald Trump announced a new EU–US trade deal on Saturday while speaking to reporters at his Turnberry golf resort in Scotland, shortly after a brief meeting with European Commission President Ursula von der Leyen.

“We have reached a deal. It’s a good deal for everybody,” Trump said. “It’s going to bring us closer together… it’s a partnership in a sense.”

Von der Leyen also welcomed the agreement, calling it a “huge deal” that followed “tough negotiations.”

The agreement includes a 15% tariff on European exports to the United States — down from the 30% rate previously threatened by Washington — as well as pledges from Brussels for billions of dollars in U.S. energy purchases and investment.

U.S. President Donald Trump has finalized a trade agreement with the European Union following talks with European Commission President Ursula von der Leyen.

Goods and services exchanged between the United States and the European Union form one of the world’s largest and most influential trade relationships. The two economies are each other’s largest trading and investment partners, together accounting for nearly a third of global trade in goods and services.

In 2024, total trade in goods between the EU and the U.S. was estimated at $975.9 billion (£751.4 billion). The United States imported approximately $606 billion (£451 billion) worth of goods from the EU, while exporting around $370 billion (£276 billion) in return.

This significant trade imbalance — often referred to as a trade deficit — has long been a point of contention for President Donald Trump, who argues that such relationships mean the U.S. is “losing.”

“It is a beautiful Sunday in Scotland,” U.S. President Donald Trump said as he opened a wide-ranging news conference inside the grand ballroom of his Turnberry golf resort. Seated beside European Commission President Ursula von der Leyen, Trump addressed reporters with the manicured fairways and bunkers of the course visible behind him.

Despite the scenic setting, Trump struck a more somber tone. “I’m not in a good mood,” he remarked, without elaborating on the reason. He placed the odds of securing a trade deal with the European Union at “50:50,” noting that “we have three or four sticking points.”

“The EU has to be open to American products,” Trump insisted. Von der Leyen, for her part, emphasized that any agreement must be about “fairness and rebalancing.”

The two leaders have since gone into a private meeting. Stay with us for the latest updates.

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