Trump and EU chief Ursula von der Leyen made the deal in Scotland after many months of bargaining, but major details are still pending.

Euro falls against dollar, with Trump's tariffs seen as slowing European growth

The European Union dominates critical pharmaceutical imports into the United States, making the 30% tariffs Trump threatened to go into effect Aug. 1 particularly risky.

EDINBURGH, Scotland -- The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.

The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.

This week, RFE/RL Europe Editor Rikard Jozwiak drills down on two major issues: Ukraine’s wobbly week and Iceland’s flirting with EU membership.

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

On 18 July 2025, the Council of the European Union adopted additional measures which have been introduced in its 18th sanctions package in response to the ongoing conflict in Ukraine (the Package). Th