US, EU Near Framework Trade Deal with 15% Tariff

US President Donald Trump and European Commission chief Ursula von der Leyen are engaged in critical talks aimed at resolving a months-long transatlantic trade dispute before a looming deadline that threatens a 30 percent US tariff on EU goods. The proposed framework deal reportedly includes a baseline 15 percent tariff on EU exports to the US, with exemptions for key sectors such as aircraft and spirits, and possibly a 50 percent tariff on European steel and aluminum. While EU officials express cautious optimism about reaching an agreement, Trump has indicated only a 50/50 chance of success, emphasizing last-minute negotiations. EU member states have broadly endorsed the deal's contours but remain firm on their negotiating red lines, preparing counter tariffs valued at €93 billion should talks fail. Irish government officials and the Taoiseach have voiced hope for a preliminary deal to avert tariffs but warn against counting on an agreement until finalized. The outcome of these negotiations carries significant implications for the $1.9 trillion US-EU trading relationship and for industries across both sides of the Atlantic.