Ahmet Bedirhan Arvas 
July 27, 2025 – Following talks held at the Turnberry golf course in Scotland, US President Donald Trump and European Commission President Ursula von der Leyen announced that a comprehensive trade agreement has been reached between the United States and the European Union.
Main Provisions of the Agreement
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The U.S. agreed to implement a fixed 15% customs tariff on goods imported from the EU, stepping back from a potential 30% high tariff.
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Including the automotive sector, most products will be subject to this 15% tariff. Von der Leyen emphasized that the agreement covers a “flat 15% all-inclusive tariff.”
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Special products in the pharmaceutical sector (such as generic drugs and certain chemicals) will likely be exempt from tariffs or subject to special arrangements; details will be clarified in further negotiations.
Additional Commitments
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The EU announced that in the coming period, it will purchase $750 billion worth of American energy products.
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Additionally, the EU has committed to a $600 billion investment package.
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Initiatives may be launched for a “zero-zero” tariff on certain strategic sectors (such as aerospace components and semiconductors); however, the harmonization process is still ongoing.
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Allianz leadership assessed the agreement as a move to avoid a crisis for Germany’s strong automotive industry.Chairman of the European Parliament’s Trade Committee Bernd Lange criticized the deal as “unbalanced”, stating that the investment commitments could come at a cost for EU industry. Trump described the deal as a “good deal for everybody”.
| Topic | Details |
|---|---|
| Customs Tariff | 15% flat rate, includes automotive sector |
| Pharmaceutical & Chemical Sectors | May be subject to special regulations |
| Investment & Energy Commitments | $600 billion in investment, $750 billion in energy purchases |
| EU Approval Process | Involves member states and Parliament |
| Economic Impact | Crisis averted, mixed reactions from both sides |
The written version of the agreement has not yet been published, as final approval from EU member states and parliaments is still pending. This arrangement reflects an approach consistent with other **15–20% tariff trade agreements** signed by the Trump administration with countries like Japan, the United Kingdom, and Vietnam.
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