Trump announces trade deal with EU
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President Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish coast.
The deal, which includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment, will bring welcome clarity for EU companies though many in Europe will see it as a poor outcome.
The United States and the European Union announced a trade framework Sunday after a meeting between President Trump and European Commission chief Ursula von der Leyen.
The United States and European Union have reached a trade deal. President Donald Trump and European Commission President Ursula Von Der Leyen finalised the deal during talks at one of Trump's golf courses in Scotland.
The U.S. and the European Union agreed on a framework trade deal on Sunday, ending months of uncertainty for industry and consumers on both sides of the Atlantic.
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The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.
Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.
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