U.S. President Donald Trump’s administration reached a trade deal with the European Union Sunday after European Commission President Ursula von der Leyen met with Trump in Scotland, Reuters reported.
The deal would see the E.U. shoulder a 15% tariff on E.U. imports to the U.S. and on large-scale purchases of American energy and military equipment, according to the outlet. Trump on July 11 had written to von der Leyen that the U.S. would levy a 30% tariff on E.U. imports, decrying “long-term, persistent, and large” trade deficits.
The two leaders met in Turnberry, Scotland, according to a White House video of the two at a press conference there.
The E.U. would not impose tariffs on U.S. goods entering the supranational entity’s market, under the terms of the new deal, Trump said, according to NBC News.
Join the conversation as a VIP Member