US and EU attain a framework commerce deal, 15% tariff fee, EU to buy vitality from the US

The EU and the US have reached a framework commerce settlement that units a blanket 15% tariff on items traded between them, ending a months-long stand-off.

• settlement averts the 30% tariff beforehand threatened by the US administration.

• EU concessions:

  • The EU dropped calls for for a “zero-for-zero” tariff pact.

  • It agreed to not impose retaliatory tariffs.

  • It pledged $600 billion in funding within the US, although the timeline and specifics are undefined.

The EU entered talks searching for a greater deal than the 10% tariff the UK accepted in Might. After US–Japan talks resulted in a 15% baseline, the EU adopted go well with. EU officers acknowledged the restricted leverage they’d in comparison with the US.

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Trump met with European Fee President Ursula von der Leyen in Scotland.

Trump:

• “That is the most important one of all of them”
• EU will comply with buy $750 billion of vitality
• EU will make investments $600 billion greater than deliberate within the U.S.
• tariff fee making use of to imports from the EU could be 15%

Von der Leyen:

• 15% could be a ceiling fee
• the identical fee making use of to vehicles, prescribed drugs and semiconductors
• tariff therapy for alcoholic drinks has nonetheless to be labored out

• Europe would exchange Russian gasoline with purchases of vitality from the U.S. with purchases of $250 billion per yr for the remainder of Trump’s time period

EUR/USD has been marked larger in early FX dealings:

• Monday open ranges, indicative FX costs, 28 July 2025 – EUR up on US/EU ‘framework’ deal

Different information of notice:

• US and China to increase tariff pause by one other 90 days – report

This text was written by Aaron Cutchburt at investinglive.com.