The US-EU Trade Deal Closed at 15%

The US-EU Trade Deal Closed at 15%

London, 29 July 2025

The European Union will accept a 15% duty on the majority of its exports to the United States while lowering tariffs on some American goods to zero as part of a trade agreement with President Donald Trump, which European leaders attempted to defend Monday.

German industry leaders have warned that the agreement exposes the car sector and will reduce the competitiveness of European businesses. According to Wolfgang Niedermark, a member of the executive board of Germany's BDI industrial group, "the agreement is an inadequate compromise and sends a disastrous signal to the closely intertwined economies on both sides of the Atlantic."

Ursula von der Leyen, president of the European Commission, praised the deal, saying it will give consumers and companies certainty and predictability. Von der Leyen referred to tariff rates Trump threatened to reach as high as 50% and encouraged detractors to "not forget where we came from." (Source: Bloomberg. Edit by, The Decision Maker Finance editors)