15% import tariff

National Times Bureau, July 28, 2025: The United States and the European Union on Sunday reached a sweeping framework trade deal, calming tensions between two of the world’s largest economies and averting a high-stakes tariff escalation that threatened nearly a third of global trade.The agreement imposes a uniform 15% US import tariff on most European goods, replacing the possibility of steeper duties that had alarmed businesses on both sides of the Atlantic. It also includes major EU investments in American infrastructure and commitments to purchase US energy and military equipment.Both sides hailed the deal as a stabilizing force in a…