The United States and the European Union finalised a sweeping trade framework on July 27, 2025, during a meeting at President Donald Trump’s Turnberry golf resort in Scotland.Under the deal, the US scaled back its threatened 30% blanket tariff on EU imports, settling on a 15% levy applied to most goods, including semiconductors, automobiles, and pharmaceuticals. However, aircraft and parts, certain chemicals, generic drugs, and some agricultural products from the EU will remain exempt. Steel and aluminum, however, will continue to face a 50% US tariff. These tariffs are over and above existing MFN levels.
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