EU and US agreement brings tariff clarity
29/07/2025
Mr Trump met the president of the European Commission, Ursula von der Leyen, on July 27 during a short holiday in Scotland.
Full details of the agreement have yet to emerge, but after the meeting Ms von der Leyen said a single 15% tariff rate for the vast majority of EU exports gave “much-needed clarity for our citizens and businesses”.
She added that the agreement also included zero-for-zero tariffs on a number of strategic products. This includes aircraft, certain chemicals, certain agricultural products, natural resources and critical raw materials.
She did not specify which products this zero-for-zero arrangement will apply to, but insisted work to add more products to the list would continue.
Image: The European Commission.
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