TURNBERRY, Scotland — The United States and European Union struck a trade agreement on Sunday locking in a 15 percent tariff, days before Donald Trump’s deadline to do a deal or face tariffs double that level.
Trump, speaking after meeting European Commission President Ursula von der Leyen at his Turnberry golf club in Scotland, announced the deal to U.S. reporters.
He said the EU will agree to purchase $750 billion of energy and will agree to invest $600 billion more than planned in military equipment and opening countries to trade at zero tariff.
The tariff rate applying to imports from the EU would be 15 percent, with the same rate applying to cars. Pharmaceuticals will not be covered by the deal.
This story is being updated.
