Trump and EU say they've made a trade deal
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Trump said the U.S. reached a trade deal with the European Union, imposing a 15% baseline tariff on most goods from America’s largest trading partner.
Pact removes a major risk for markets and the global economy, given the transatlantic partners did $2 trillion worth of cross-border commerce in 2024.
President Donald Trump is set to meet Sunday with European Commission President Ursula von der Leyen to continue talks on a trade deal. Ahead of that meeting, policy analysts say that any agreement on trade must include the removal of non-tariff regulations and digital service taxes that largely target U.