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US reaches trade deal with EU at 15% tariff; $1.35tn of investments announced

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US reaches trade deal with EU at 15% tariff; $1.35tn of investments announced
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US reaches trade deal with EU at 15% tariff; $1.35tn of investments announced

By Ryan Li July 28, 2025

The EU has reached an agreement with US president Donald Trump, who said global baseline tariffs would be between 15% and 20%. The move follows deals with Japan, the Philippines, Indonesia and Vietnam.  

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