US, EU agree trade deal, EU will see 15% tariff across the board

U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as U.S. Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer and White House Deputy Chief of Staff Stephen Miller clap, in Turnberry, Scotland, Britain, July 27, 2025. REUTERS/Evelyn Hockstein

TURNBERRY, Scotland (Reuters) -U.S. President Donald Trump on Sunday said the United States and the European Union had reached agreement on a trade deal that includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment.

The deal also calls for $600 billion in investments in the U.S. by the European Union, he told reporters.

European Commission President Ursula von der Leyen said the agreement would include 15% tariffs across the board, saying it would help rebalance trade between the two large trading partners.

(Reporting by Andrew Gray, Andrea Shalal, Editing by Alexandra Hudson)