The European Union and the United States agreed on Sunday to a broad-brush trade deal that sets a 15 percent tariff on most E.U. “We made it,” Mr. Trump said. Pharmaceuticals are Europe’s most important export to the United States, and those pending tariffs had become an obstacle to resolving the trade talks. Like many preliminary agreements Mr. Trump has announced, this one had few details. But it is higher than the 10 percent tax that Europeans had been angling for, and that Mr. Trump applied to British goods.

Source: The Times July 27, 2025 21:41 UTC