EU and United States reach agreement on tariffs and trade

15% tariff rate for most EU exports

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July 28, 2025

The White House today announced that the United States has reached a trade deal with the European Union (EU).

According to the White House fact sheet, the trade agreement includes the elimination of EU tariffs on U.S. industrial goods, and the EU will also pay a 15% tariff on certain U.S. goods, including autos and pharmaceuticals, while maintaining existing tariffs on steel, aluminum, and copper. The deal aims to close the trade imbalance between the United States and EU by encouraging local sourcing and reshoring production.

The president of the EC issued a statement confirming the single 15% tariff rate for most EU exports and zero-for-zero tariffs on strategic products such as aircraft, chemicals, and semiconductor equipment. The agreement provides a framework for further reducing tariffs and addressing non-tariff barriers.

The agreement also addresses digital trade barriers and maintains zero customs duties on electronic transmissions.

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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