US-Europe trade deal: Trump, Von der Leyen ink deal moments before tariff deadline – What we know so far

Jul 28, 2025 - 12:00
US-Europe trade deal: Trump, Von der Leyen ink deal moments before tariff deadline – What we know so far

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A last-minute agreement between the EU and the US has averted a major trade war, with tariffs on European goods capped at 15 percent, aligning with Japan's rate. The deal includes significant energy purchases from the US by the EU and increased US military equipment purchases by European countries.

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