May 22, 2026 — The European Union is moving forward on a potential trade deal with the U.S. it first announced in 2025.
The administration of U.S. Donald Trump announced it reached a trade deal with the E.U. in July 2025. That deal would see the U.S. set a base tariff rate of 15 percent on goods from the E.U., and the E.U. agreed to reduce tariffs on a range of goods to zero.