Tariffs: EU agrees to implement US trade pact
The EU has reached an agreement to implement a trade pact with the United States, following pressure from President Trump. This deal, which includes a 15% levy on most European goods, aims to stabilize transatlantic trade relations. The agreement comes just ahead of Trump's deadline, alleviating fears of increased tariffs on European imports.
- ▪The EU finalized a trade pact with the US that includes a 15% tariff on most European goods.
- ▪President Trump had threatened to impose higher tariffs if the deal was not ratified by July 4.
- ▪The agreement is seen as a step towards stabilizing the EU's relationship with its largest trade partner.
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US President Donald Trump shakes hands with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025. EVELYN HOCKSTEIN / REUTERS EU lawmakers and member states reached a deal in the early hours of Wednesday, May 20, to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4. The 27-nation bloc struck an accord with Washington last July setting levies on most European goods at 15%, but a final version of the text still needed to be nailed down on the EU side – to Trump's growing frustration. Negotiators from the EU's parliament and capitals wrangled late into the night, finally emerging several hours after midnight with news of a hard-fought compromise.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Le Monde (EN).
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