Trump announces EU trade deal that sees 15% flat tariff for products coming to US - Ahead of August tariff deadline, Trump cuts rates for European imports while US exports will be tariff-free

The European Union and United States have agreed a deal that will lock in tariffs on most EU imports to the US, but prevent the prospect of an economically devastating trade war, sources said on Sunday evening.

Trump has given the EU an Aug. 1 deadline to ink a new trade deal with him or else face 30% tariffs. The EU is a block of 27 trade countries, which, taken together, traded about $1.68 trillion

TURNBERRY, Scotland, July 27 (Reuters) - U.S. President Donald Trump on Sunday said the United States and the European Union had reached agreement on a trade deal that includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.S ...

President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade.

The customized tariff rates were slated to take effect on April 9, but then got delayed 90 days and then postponed again until Aug. 1.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”