Trump says US, EU agree on 15% tariff
News Image

US President Donald Trump said he has reached a tariff agreement with the European Union. He met European Commission President Ursula von der Leyen in Scotland on Sunday.
Trump had said Washington would impose a 30 percent levy on goods from the EU starting on August 1. But, he said the rate will be set at 15 percent. Trump explained that automobiles and nearly everything else will be subject to that rate. But, he said the 50 percent tariff on steel and aluminum imports will remain unchanged.