Donald Trump has announced a tariff deal with the EU, ending four months of difficult negotiations between Washington and Brussels. The deal includes a 15% baseline tariff for most EU exports to the US, limiting a higher border tax charge on EU goods sold to the US market. However, it is higher than before Trump came to power, and a 50% tariff remains on steel exports, a setback for that industry. Pharmaceuticals have also been excluded and could still face punitive tariffs. The deal was sealed after a 40-minute meeting at Trump’s golf course in Scotland.
Trump and von der Leyen have announced a US-EU trade deal.
