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EU and US reach economic deal: 15% tariffs, zero duties on key goods, and strategic cooperation

New transatlantic agreement sets 15% tariffs, removes duties on key products, and strengthens energy and technology cooperation.

28 July 2025
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In a context marked by the United States’ announcement to impose tariffs of up to 30% on a wide range of European products starting August 1, 2025, a meeting took place this weekend between European Commission President Ursula von der Leyen and U.S. President Donald Trump. The objective: to avoid a new trade escalation and to establish a more predictable and mutually beneficial economic framework.

As a result of this meeting, the European Union and the United States have reached an ambitious agreement that sets a single 15% tariff on the vast majority of EU exports, applying to sectors such as automotive, semiconductors, and pharmaceuticals. This tariff acts as a ceiling—no stacking, no additional conditions—providing clarity for both businesses and consumers.

In addition, both parties have agreed to a zero-for-zero tariff arrangement on an initial list of strategic products. This includes aircraft and components, certain chemicals and generic pharmaceuticals, semiconductor equipment, natural resources, and some agricultural products. Both sides will continue working to expand this list.

According to von der Leyen, this new framework lays the foundation for a stronger economic partnership between the two largest economies in the world, which together account for 44% of global GDP and a market of 800 million people.

Según Von der Layen, este nuevo marco sienta las bases de una cooperación económica más sólida entre las dos mayores economías del mundo, que representan conjuntamente el 44 % del PIB global y un mercado de 800 millones de personas.

July 25, 2025 / European Commission / European Union.
https://ec.europa.eu/commission/presscorner

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