Trump, EU Reach Framework Trade Deal with 15% Tariff, $750B Energy Pact

President Donald Trump announced a significant trade deal with the European Union that averts a looming trade war and sets a baseline tariff of 15% on EU goods entering the U.S., including automobiles. The deal, finalized after negotiations with European Commission President Ursula von der Leyen at Trump's golf resort in Scotland, also includes commitments by the EU to purchase $750 billion in U.S. energy products and invest an additional $600 billion in the United States. While the agreement is seen as a compromise—falling short of the EU's initial goal of zero tariffs—it is an improvement over the previously threatened 30% tariffs. Both Trump and von der Leyen highlighted the deal's importance in bringing stability and predictability to transatlantic trade relations. The agreement also maintains existing 50% tariffs on steel and aluminum. This deal is part of President Trump's broader efforts to reshape global trade and reduce the U.S. trade deficit with key partners.