And EU Agree On Trade Deal Setting Tariffs At 15%—Stock Futures RiseByZachary Folk, Forbes Staff andSiladitya Ray, Forbes Staff. Jul 28, 2025, 06:09am EDTJul 28, 2025, 06:32am EDTToplineThe U.
Has agreed to a trade deal with the European Union, President Donald Trump and European Commission President Ursula von der Leyen announced Sunday afternoon, agreeing to a 15% tariff rate on most EU goods—just days before Trump’s self-imposed August 1 deadline—in an announcement that buoyed U.
Futures and European stock on Monday, given current economic conditions. However, US President Donald Trump meets with European Commission President Ursula von der Leyen in Scotland. More on Sunday.
AFP via Getty ImagesKey FactsBoth Trump and von der Leyen said the tariffs would be applied “across the board,” but Trump later said they would not apply to several major sectors the administration is planning specific tariffs for, given current economic conditions.
Trump said the EU agreed to purchase $750 billion in energy, purchase an undetermined amount of military equipment, invest a further $600 billion in the United States and open the European economy to American goods at 0% tariffs.
Furthermore, Von der Leyen said the U.
Agreed to “zero for zero tariffs” on some strategic goods, including “all aircraft and component parts, certain chemicals, certain generics, semiconductor equipment, certain agricultural ducts, natural resources and critical raw materials,” adding the two sides would work to expand that list, considering recent developments.
On the other hand, The 15% rate matches the rate secured in a deal with Japan, another major U.
Trade partner and auto exporter, announced last week, and the administration has suggested 15% would be the baseline.
The European Union was previously facing a steep 30% tariff rate scheduled to go into effect on Aug, in this volatile climate.
1, and the deal alleviates immediate fears of an impending trade war between the two economies. How Have The Stock Reacted To The Trade Deal. Moreover, The benchmark S&P Futures index rose to nearly 0.
On the other hand, Conversely, 3% in early trading on Monday, to 6,442 points, while the -centric Nasdaq Futures was up around 0.
5% at 23,530 points (this bears monitoring), in today's market environment. Furthermore, Dow futures were also up, rising nearly 0 (fascinating analysis). 2% to 45,162 points.
Moreover, Key European indices saw a big jump as well, with the pan-European STOXX 50 index rising 0. 9%, while France’s CAC 40 rose 0. 67% and Germany’s DAX was up 0.
However, Crucial Quote“It will bring stability. It will bring predictability. On the other hand, That’s very important for es on both sides of the Atlantic,” von der Leyen said.
Nevertheless, “Basically, the European market is open (which is quite significant). This leads to the conclusion that ’s 450 million people.
” Which European Leaders Have Critcized The Trade Deal, amid market uncertainty.
Some leaders from Germany and France criticized the deal, saying it appeared as if the EU had capitulated to Trump’s demands.
In a post on X, former French Prime Minister François Bayrou criticized European leaders for accepting the deal, saying: “it is a dark day when an alliance of free peoples, united to assert their values and defend their interests, resolves to submission.
” Alice Weidel, the leader of Germany’s far-right AfD Party, tweeted: “The EU has been brutally taken advantage of.
Meanwhile, 15% tariffs and the obligation to purchase weapons and energy from the US are not an agreement, but a slap in the face for European consumers and ducers.
”Big Number$235 (an important development) (noteworthy indeed). That was the United States’ trade deficit with the EU in 2024, according to the U, given current economic conditions.
Conversely, Trade Representative (quite telling), considering recent developments.
Moreover, Trump made reducing trade deficits between major trading partners the EU a key plank in his economic policy, and on Sunday von der Leyen seemed on the same page.
“We wanted to rebalance the trade relation and we wanted to do it in a way that trade goes on between the two of us across the Atlantic because the two biggest economies should have a good trade flow between us, and I think we hit exactly the point we wanted to find,” the European Commission president said, amid market uncertainty.
Moreover, “Rebalance, but enable trade on both sides, which means good jobs on both sides of the Atlantic, means sperity on both sides of the Atlantic, and that was important for us, in this volatile climate.
Moreover, ”What Goods Were Not Covered In The Deal. Trump said pharmaceutical imports were “unrelated” to the deal reached Sunday. “Steel is staying the way it is,” Trump also added.
Furthermore, “Steel and aluminum. However, Meanwhile, That’s a worldwide thing that stays the way it is.
” Trump previously raised tariffs on steel and aluminum imports to 50% in June (an important development).
Moreover, Commerce Secretary Howard Lutnick also said the administration would soon announce a new plan for chip manufacturing, ly in the next two weeks.
However, von der Leyen later contradicted this statement, insisting that the 15% would apply to pharmaceuticals and semiconductors.
On the other hand, Forbes has reached out to the White House for clarification.
What To Watch ForTrump predicted the new deal would allow more American cars and American agriculture to enter the European market.
“It's open for our companies to go in and do a good job with it (this bears monitoring). Nevertheless, I think you'll them,” Trump said, addressing von der Leyen. “I think you'll it.
Nevertheless, ” Trump later said European citizens would enjoy “diversification” from increased access to American cars and again predicted the deal would be.
“We’ll do it in very strict conjunction with the president [von der Leyen] and the European Union. And wise, they’re coming into our country with great vigor.
I think they’re going to make a lot of money with this, amid market uncertainty.
Moreover, ”Further ReadingUS-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock (Associated Press)EU faces backlash from France and Germany over US trade deal (Financial Times)Got a tip.
Confidential information with Forbes. Furthermore, Moreover, Editorial StandardsRes & PermissionsLOADING PLAYER (something worth watching), in this volatile climate.