“We made it,” Mr. Trump said. 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. But after Mr. Trump sent the bloc a letter threatening stiff tariffs, they made more headway. Mr. Trump imposed a 25 percent tariff on foreign cars and car parts in April.

Source: The Times July 28, 2025 17:57 UTC