US, EU Finalize Trade Deal with 15% Tariffs, Energy Contracts

The United States and the European Union have finalized a landmark trade agreement that imposes a 15% US tariff on most European goods, including cars, pharmaceuticals, semiconductors, and wood, while the EU commits to abolishing tariffs on all US industrial goods and providing preferential access for American agricultural and seafood products. Announced by President Donald Trump and European Commission President Ursula von der Leyen after months of negotiations, the deal aims to reinvigorate industrialization and economic growth on both sides, covering $750 billion in US energy purchases and $600 billion in EU investments by 2028. The agreement also includes commitments to reduce tariffs on cars and auto parts, with the US agreeing to apply most-favored-nation treatment to aircraft, pharmaceuticals, and chemical components. Both parties emphasized the framework as a foundation for future trade expansion, regulatory cooperation, and enhanced supply chain security. EU Trade Commissioner Maroš Šefčovič described the deal as the most favorable trade agreement the US has made with any partner, highlighting its role in stabilizing and providing predictability to transatlantic trade relations. The pact was originally unveiled following a meeting at Trump's golf resort in Scotland and represents a strategic shift from previous tariff threats, fostering a more balanced and mutually beneficial trading relationship.