European Union and U.S. announce trade agreement, modifying tariffs on most goods
July 29, 2025 | Industry News, News
The European Union (EU) and the U.S. announced a trade agreement July 27 that sets a 15% tariff on most EU goods, effective Aug. 1. The 15% tariff applies to all EU exports currently subject to reciprocal tariffs, including automobiles and automobile parts, pharmaceuticals and semiconductors. It doe…