<h2 class="topline-heading">Topline</h2><p>The U.S. has agreed to a trade deal with the European Union, President Donald Trump announced Sunday afternoon, agreeing to a 15% tariff rate on most exports, including European cars, from EU countries—just days before the Aug. 1 deadline set for Trump’s “reciprocal” tariffs.</p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/68866969d8ea232fbc7970f1/BRITAIN-SCOTLAND-US-EU-TRUMP/960x0.jpg?cropX1=0&amp;cropX2=2019&amp;cropY1=104&amp;cropY2=1241" alt="BRITAIN-SCOTLAND-US-EU-TRUMP" width="100%" height="auto"></div><figcaption><fbs-accordion classname="expandable" current="-1"><p class="color-body light-text" role="button">US President Donald Trump meets with European Commission President Ursula von der Leyen in Scotland <span class="plus" data-ga-track="caption expand">... More</span><span class="expanded-caption"> on Sunday.</span></p></fbs-accordion><small>AFP via Getty Images</small></figcaption></figure>

<div class="key-facts-element"><p><em>This is a breaking story and will be updated.</em></p></div>

The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.{ai:summary}<p>The U.S. has reached a trade agreement with the European Union, establishing a 15% tariff on most exports, including cars from EU nations. This announcement comes just ahead of the August 1 deadline for President Trump's proposed "reciprocal" tariffs. </p><p>Further updates on the deal are anticipated. #politics</p>

U.S. And EU Reach Trade Deal—Setting Tariffs at 15%

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