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President Donald Trump and European Fee President Ursula von der Leyen introduced a commerce deal between the U.S. and European Union on Sunday.
The announcement got here moments after the 2 had addressed the media, agreeing that the probability of an settlement was about 50-50. Von der Leyen stated the negotiations had taken some “heavy lifting,” however the two leaders agreed they had been pleased with the outcome.
“We’re agreeing that the tariff straight throughout for vehicles and every thing else will likely be a straight-across tariff of 15%,” Trump stated.
“So we’ve got a tariff of 15%. We have now the opening up of the entire European nations, which I feel I may say had been basically closed. I imply, you were not precisely taking our orders. You were not precisely taking our agriculture,” he added, addressing von der Leyen.
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TURNBERRY, SCOTLAND – JULY 27: President of the European Fee Ursula von der Leyen meets with U.S. President Donald Trump at Trump Turnberry golf membership on July 27, 2025 in Turnberry, Scotland. (Picture by Andrew Harnik/Getty Photos)
Von der Leyen stated Europe will even buy $150 billion price of U.S. power as a part of the deal, along with making $600 billion in different investments into the U.S.
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Trump and von der Leyen had sounded not sure of whether or not a deal can be reached whilst they spoke to the press in Scotland on Sunday.
“We stay up for speaking to see if we are able to do one thing,” Trump had stated of the negotiations. “We have had, an excellent relationship through the years, nevertheless it’s been a really one-sided transaction, very unfair to america.”
Responding to a reporter’s query, von der Leyen agreed with Trump that there should be a “rebalancing” of the bilateral commerce, which is price billions of {dollars}.
European Fee President Ursula von der Leyen says negotiating a commerce take care of the U.S. took some “heavy lifting.”
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“It’s about rebalancing,” von der Leyen stated as she sat subsequent to Trump. “You may name it equity, you possibly can name it rebalancing. We have now a surplus and america has a deficit, and we’ve got to rebalance it.”
