July 28, 2025 — The administration of U.S. President Donald Trump announced it has reached a trade deal with the European Union, setting a base tariff rate of 15 percent on E.U. goods.
Trump announced the deal just days before a 1 August deadline that would have seen the E.U.’s effective tariff rate jump to 30 percent. It also came as media reported E.U. diplomats were considering using wide-ranging “anti-coercion” measures, often dubbed the “nuclear option,” as a means of discouraging the tariffs.