U.S. President Donald Trump announced on Sunday that the United States and the European Union have reached a new trade agreement that includes the imposition of a 15% tariff on European goods entering the U.S. market.
The deal also covers major European purchases of American energy products and military equipment, according to Trump.
In a press briefing, President Trump highlighted that the agreement involves $600 billion in European investments in the U.S., which he described as a “historic step toward fair and balanced trade,” according to reports.
European Commission President Ursula von der Leyen confirmed the 15% tariff, stating that the agreement seeks to rebalance trade relations between the two economic powers and strengthen long-term cooperation.
The agreement comes amid ongoing transatlantic tensions over trade imbalances, digital taxation, and energy dependencies.
Analysts view this move as a strategic realignment with potential implications for global supply chains and geopolitical partnerships.
