U.S. President Donald Trump and European Commission President Ursula von der Leyen have reached a significant trade agreement between the United States and the European Union, following intensive negotiations held in Scotland.
During a joint press conference, Trump shared key details of the agreement, highlighting the EU’s commitment to purchase $750 billion worth of American energy and to invest an additional $600 billion in the U.S., above current investment levels.
“The European Union has agreed to purchase $750 billion worth of energy from the United States. They will also invest $600 billion more in the United States than they are currently investing,” Trump stated.
The talks, which began on Sunday, were under intense pressure to conclude by Friday in order to avoid the 30% tariffs the U.S. had threatened to impose on European imports. Trump confirmed that, without a new agreement, there would have been no room to reduce the broad 15% tariff currently applied to EU products.
The agreement was finalized just ahead of the July 9 deadline, after Trump had warned that, without a deal, the U.S. would implement new tariffs beginning August 1, raising duties from 10% to 30% on most European goods. Trump justified the move by pointing to the high trade deficit between the two parties.
Before the talks, von der Leyen described Trump as “a tough negotiator,” while Trump reiterated that new tariff measures would apply to trade partners failing to strike deals with the U.S. by the weekend, excluding existing tariffs on steel and aluminum.
This agreement is seen as a major step toward stabilizing trade relations between the world’s two largest economies, following months of escalating tensions and reciprocal tariff threats.
