The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one.

The U.S. and the European Union have agreed to a trade framework that will result in 15% tariffs on most imported European goods, President Donald Trump announced Sunday. The deal comes a week before Trump’s Aug.

President Donald Trump announced 15% tariffs on most goods from the European Union, down from the threatened 30%, as part of a trade agreement .

Trump, who has taken a particular liking to European Commission President Ursula von der Leyen, was swayed after she called him to say the EU would commit to moving “swiftly and decisively.” Trump soon backed off his threat and said negotiations would continue.

South Korea is pitching the US on a shipbuilding partnership as a key proposal to seal a last-minute agreement to avoid a 25% tariff rate.

U.S. President Donald Trump is set to meet with British Prime Minister Keir Starmer in Scotland on Monday, when they will discuss trade and the war in Gaza.

"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."