Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Chile: Sumud Flotilla's interception violates freedom of navigation guaranteed by the United Nations Convention on the Law of the Sea
Chile expresses "grave concern" over "Israel's" interception of the global convoy of Sumud Flotilla as it heads to Gaza
Venezuela affirms its unwavering solidarity with the Palestinian people and those willing to risk their safety in order to "keep the flame of humanity burning"
Bolivia's President Luis Arce: This act of violence under Netanyahu's responsibility constitutes a flagrant violation of international law and an affront to human dignity
Bolivia's President Luis Arce: We condemn the brutal attack launched by the Israeli occupation in the last hours on the Sumud Flotilla
Colombia's Gustavo Petro: 'Israel' imprisons activist Greta Thunberg and her comrades in international waters
Yemen's Mohammad al-Farah: The silence of the international community encourages the enemy to commit more crimes.
Demonstrations in Germany shut down Berlin's central train station in denunciation of Sumud Flotilla attack.
Sumud Flotilla: World governments must act as global capitals see uprisings of rage
Demonstrations in numerous cities globally in support of the Sumud Flotilla condemning Israeli assaults on ships.

US, EU finalize major trade deal with zero tariffs on US imports

  • By Al Mayadeen English
  • Source: News websites
  • 27 Jul 2025 23:29
  • 1 Shares
3 Min Read

President Trump announces a US-EU trade deal featuring zero tariffs on US imports, a 15% tariff on EU goods, $750 billion in EU energy purchases, and major investment pledges.

Listen
  • x
  • President Donald Trump reads from a paper and European Commission President Ursula von der Leyen listens after reaching a trade deal between the US and the EU at the Trump Turnberry golf course in Scotland, July 27, 2025. (AP)
    President Donald Trump reads from a paper and European Commission President Ursula von der Leyen listens after reaching a trade deal between the US and the EU at the Trump Turnberry golf course in Scotland, July 27, 2025. (AP)

The United States and the European Union have finalized a new trade agreement that introduces significant changes to transatlantic commerce, US President Donald Trump announced on Sunday.

According to Trump, the deal includes a zero tariff on all US imports to European markets, while establishing a 15% baseline tariff on EU goods entering the US, including automobiles.

"I just want to congratulate you. I think it is great that we made a deal today instead of playing games and maybe not making a deal at all … I think it is the biggest deal ever made," Trump said during a meeting with European Commission President Ursula von der Leyen in Scotland.

Trump stated that under the terms of the agreement, the EU will purchase $750 billion worth of US energy and an unspecified but “vast amount” of military equipment from the United States. Additionally, the deal includes a pledge by the EU to invest $600 billion in the US economy.

As part of the agreement, both parties have agreed to open their markets to trade under revised conditions, with zero tariffs applying to US imports into Europe. The deal is positioned as a cornerstone of a renewed economic partnership between the two transatlantic allies.

Deal 'unbalanced'

France's European Affairs Minister Benjamin Haddad reacted to the deal early on Monday, saying it had some merits, such as exemptions for some key French business sectors, but was "unbalanced".

Related News

Trump forcing ‘upfront’ South Korea investment despite economic risks

French farmers plan nationwide protest over trade, food sovereignty

"The trade agreement negotiated by the European Commission with the United States will bring temporary stability to economic actors threatened by the escalation of American tariffs, but it is unbalanced," wrote Haddad on X.

L’accord commercial négocié par la Commission Européenne avec les Etats-Unis apportera une stabilité temporaire aux acteurs économiques menacés par l’escalade douanière américaine, mais il est déséquilibré.

Il a le mérite d’exempter de tarifs des secteurs clés pour l’économie…

— Benjamin Haddad (@benjaminhaddad) July 28, 2025

Read more: Trump threatens sweeping tariffs, urges EU to fund Ukraine aid

European firms growing more dependent on China

This came after a key business group noted that European multinationals are increasingly dependent on China to maintain their competitiveness, as leaders from the European Union and China gather for a summit aimed at addressing the growing trade tensions between the two sides.

“In order to have the best product at the most attractive price, you obviously need to source the components where you get the best components at the most attractive price. And in many, many cases, that is here in China,” President of the European Union Chamber of Commerce in China, Jens Eskelund, stated.

“So we see actually in many ways that European business is becoming not less dependent, but perhaps more dependent on China,” Eskelund told Bloomberg in a Thursday interview.

The remarks coincided with high-level EU talks in Beijing with President Xi Jinping, as mounting tensions over the Ukraine war and trade frictions overshadowed the visit, with China’s restrictions on rare earth magnet exports hitting European carmakers and Brussels’ latest sanctions on Chinese firms over ties to Russia deepening the diplomatic rift.

During the tense one-day summit with Chinese President Xi Jinping marking 50 years of diplomatic ties, European Commission President Ursula von der Leyen called for a fundamental shift in trade relations between the European Union and China, stressing the need for greater balance in the face of growing economic tensions.

Read more: Trump blindsides EU in trade talks, repeats global deceptive patterns

  • US tariffs
  • United States
  • tariffs
  • Europe
  • Trade exchange
  • US-Europe relations
  • European Union

Most Read

Last photo showing Martyr Sayyed Hassan Nasrallah and Martyr Hajj Hassan in a Resistance operations room, Beirut's southern suburb, Lebanon, days before their martyrdom (Al Mayadeen)

In heart of battle: Al Mayadeen shares last photo of Sayyed Nasrallah

  • Politics
  • 27 Sep 2025
Hamas fighters stand in formation ahead of a ceremony to hand over Israeli captives to the Red Cross in Nuseirat, Gaza Strip, Feb. 22, 2025. (AP)

Hamas reviews Trump’s Gaza ceasefire plan as PIJ rejects

  • Palestine
  • 30 Sep 2025
Iraq at a crossroads: A new war front?

Iraq at a crossroads: A new war front?

  • West Asia
  • 30 Sep 2025
Trump’s 21-point Gaza plan vs Netanyahu’s demand for Hamas defeat

Trump vows 'something special' in ME; Israeli delegation in chaos

  • US & Canada
  • 28 Sep 2025

Coverage

All
War on Gaza

Read Next

All
From inside the ship Alma of the Global Resilience Fleet (social media)
Politics

Israeli occupation regime navy raid Gaza Flotilla's Alma, Sirius ships

Ali Larijani, secretary of Iran's Supreme National Security Council, attends a ceremony at Hezbollah leader Sayyed Hassan Nasrallah's grave in Beirut, Lebanon, Saturday, September 27, 2025 (AP)
Politics

Larijani: Europe mistaken to expect concessions from Iran

Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media
Politics

Gaza resistance announces major operations against Israeli forces

Smoke rises following an Israeli military strike in Gaza City, as seen from the central Gaza Strip, Wednesday, October 1, 2025. (AP Photo/Jehad Alshrafi)
Politics

Gaza death toll rises to 66,148 as 'Israel' closes Al-Rasheed street

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS