President Trump met on Sunday with European Commission President Ursula von der Leyen. Following negotiations, Trump announced that the United States and the EU have reached a trade deal.
The two leaders praised the teams on both sides for the hard work to get to the agreement.
Speaking with the press, von der Leyen shared, “The starting point was an imbalance, a surplus on our side and a deficit on the U.S. side. And we wanted to rebalance trade relation.”
“And we wanted to do it in a way that trade goes on between the two of us across the Atlantic,” she continued. “Because the two biggest economies should have good trade flow between us. I think we hit exactly the point we wanted to find.”
“Rebalance, but enable trade on both sides. Which means good jobs on both sides of the Atlantic. Means prosperity on both sides of the Atlantic and that was important for us.”
President Trump responded, “And again, the energy is a very important component because we have more energy than anyone else in that sense. And I think it was very wise…they buy a lot of energy and it’s great stuff.”
President Trump noted that steel would stay as it is, as it is a worldwide issue.
Under the terms of the deal, the EU has agreed to buy $750 billion worth of energy from the US.
Additionally, the EU will make $600 billion in investments in the US and will purchase hundreds of billions of dollars’ worth of military equipment.
European goods coming into the U.S. will have a 15% tariff, the EU will put 0% tariffs on U.S. goods.
BREAKING: President Trump just announced he’s reached a trade deal with the European Union
This is a HUGE deal. European goods coming into the U.S. will have a 15% tariff.
And the EU will:
Put 0% TARIFFS on US goods
— Nick Sortor (@nicksortor) July 27, 2025
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