US-EU trade deal

Extracted Attributes

• Parties Involved

  European Union (EU), United States (US)

• Criticisms (TTIP)

  Potential reduction of regulatory standards (food safety, environmental legislation, banking regulations), undermining democratic authority, negative impact on European social models, undemocratic nature of closed-door talks, influence of powerful lobbyists

• Stated Goal (TTIP)

  Promoting trade and multilateral economic growth, liberalizing one-third of global trade, creating millions of new jobs

• New Deal Tariff Rate

  15% import tariff on most EU goods

• New Deal Stated Goals

  Expanding market access, cutting non-tariff barriers, fueling job growth in key sectors (agriculture, aviation, energy), strengthening joint security

• Proposed Agreement Name

  Transatlantic Trade and Investment Partnership (TTIP)

• Signatures Against TTIP/CETA

  Over 3.2 million via European Citizens' Initiative

• New Deal EU Investment Commitment

  $600 billion in additional investments in the US by 2028

• Key Figures (New US-EU Trade Deal)

  Donald Trump (US President), Ursula von der Leyen (President of the European Commission)

• Projected Economic Boost (TTIP, EU)

  €120 billion

• Projected Economic Boost (TTIP, US)

  €90 billion

• New Deal US Trade Surplus (Aviation)

  $104 billion annually

• New Deal EU Energy Purchase Commitment

  $750 billion in energy from the US over three years

• New Deal EU Exports Subject to Tariffs

  70% of EU exports, worth €380 billion per year

• Projected Economic Boost (TTIP, Rest of World)

  €100 billion

Timeline

• Karel De Gucht, European Commissioner for Trade, describes TTIP as the largest bilateral trade initiative ever negotiated. (Source: Wikipedia)

  2010-2014

• Negotiations for the Transatlantic Trade and Investment Partnership (TTIP) were halted by U.S. President Donald Trump, who subsequently initiated a trade conflict with the EU. (Source: Summary, Wikipedia)

  During Donald Trump's Presidency (unspecified date)

• Trump and the EU declared a truce, resuming trade talks that appeared similar to TTIP. (Source: Summary, Wikipedia)

  2018-07-XX

• The European Commission declared the Transatlantic Trade and Investment Partnership (TTIP) negotiations "obsolete and no longer relevant." (Source: Summary, Wikipedia)

  2019-04-15

• The United States and the European Union concluded a new trade agreement, announced by President Donald Trump and European Commission President Ursula von der Leyen at Turnberry, Scotland. This deal included a 15% import tariff on most EU goods. (Source: Web Search)

  2025-07-27

• The new US-EU trade deal was widely hailed by trade experts, business leaders, and policymakers as a landmark win for the US, positioning it at the forefront of global commerce. (Source: Web Search)

  2025-07-27

• As part of the new trade deal, the EU committed to $600 billion in additional investments in the United States. (Source: Web Search)

  By 2028

Transatlantic Trade and Investment Partnership

The Transatlantic Trade and Investment Partnership (TTIP) was a proposed trade agreement between the European Union (EU) and the United States, with the aim of promoting trade and multilateral economic growth. According to Karel De Gucht, European Commissioner for Trade between 2010 and 2014, the TTIP would have been the largest bilateral trade initiative ever negotiated, not only because it would have involved the two largest economic areas in the world but also "because of its potential global reach in setting an example for future partners and agreements". Negotiations were halted by United States president Donald Trump, who then initiated a trade conflict with the EU. Trump and the EU declared a truce of sorts in July 2018, resuming talks that appeared similar to TTIP. On 15 April 2019, the negotiations were declared "obsolete and no longer relevant" by the European Commission. The European Commission claimed that the TTIP would have boosted the EU's economy by €120 billion, the US economy by €90 billion and the rest of the world by €100 billion. According to Anu Bradford, law professor at Columbia Law School, and Thomas J. Bollyky of the Council on Foreign Relations, TTIP aimed to "liberalise one-third of global trade" and could create millions of new jobs. A Guardian article by Dean Baker of the US thinktank Center for Economic and Policy Research argued that the economic benefits per household would be relatively small. According to a European Parliament report, impacts on labour conditions range from job gains to job losses, depending on economic model and assumptions used for predictions. The reports on the past negotiations and the contents of the negotiated TTIP proposals are classified information, and can be accessed only by authorised persons. Multiple leaks of proposed TTIP contents into the public caused controversy. The proposed agreement had been criticized and opposed by some unions, charities, NGOs and environmentalists, particularly in Europe. The Independent describes common criticisms of TTIP as "reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations", or more critically as an "assault on European and US societies by transnational corporations". The Guardian noted the criticism of TTIP's "undemocratic nature of the closed-door talks", "influence of powerful lobbyists", TTIP's potential ability to "undermine the democratic authority of local government", and described it as "the most controversial trade deal the EU has ever negotiated". German economist Max Otte argued that by putting European workers into direct competition with Americans, TTIP would negatively impact the European social models. An EU direct democracy mechanism, the European Citizens' Initiative, which enables EU citizens to call directly on the European Commission to propose a legal act, acquired over 3.2 million signatures against TTIP and CETA within a year.

Web Search Results

• WHAT THEY ARE SAYING: Landmark U.S.-EU Trade Deal Is ...

  Business Software Alliance CEO Victoria Espinel: “The Business Software Alliance welcomes the announcement of the trade deal between the United States and European Union. It provides stability and predictability for transatlantic digital commerce and fortifies our enormously important economic relationship. BSA welcomes commitments by the US and EU to maintain no customs duties on electronic transmissions and their intent to address barriers to digital trade. Transatlantic cooperation on issues [...] In a resounding triumph for U.S. leadership, President Donald J. Trump’s monumental trade deal with the European Union is being hailed by trade experts, business leaders, and policymakers as a landmark win ­— positioning America at the forefront of global commerce by expanding market access, cutting non-tariff barriers, and fueling job growth in key sectors, including agriculture, aviation, and energy. Here’s what they’re saying: [...] Delta Air Lines: “The US/EU trade agreement reached between President Trump and EU leadership is welcome news given it preserves a zero-tariff environment on aircraft and component parts, a reciprocal policy that’s been in place for over 40 years. This important step in the President’s trade negotiations will help protect and continue to grow the role of air travel as a driver of U.S. economic growth, innovation, and high-quality jobs, while protecting the $104 billion annual US trade surplus

• United States–European Union relations - Wikipedia

  On July 27, 2025, the United States and the European Union concluded a trade agreement, providing for 15% tariffs on European exports. The deal was announced by Trump and President of the European Commission, Ursula von der Leyen, at Turnberry, Scotland.( European states committed to $750 billion in energy purchases and $600 billion in additional investments in the United States. ( Trade ----- [edit] See also: Transatlantic Economic Council [...] | Direction of Trade | Goods | Services | Investment | Total | | --- | --- | --- | --- | --- | | EU to US | €260 billion | €139.0 billion | €112.6 billion | €511.6 billion | | US to EU | €127.9 billion | €180 billion | €144.5 billion | €452.4 billion | Image 11.jpg) Representatives from the EU and the U.S. sign a beef exports trade deal in 2019 [...] 25. ^Henley, Jon (February 12, 2025). "Most Europeans see Trump's US as more a necessary partner than ally, poll finds". _The Guardian_. ISSN "ISSN (identifier)")0261-3077. Retrieved February 19, 2025. 26. ^"EU and US agree trade deal, with 15% tariffs for European exports to America". _BBC News_. July 27, 2025. Retrieved July 28, 2025. 27. ^"Donald Trump agrees trade lead with EU president after round of golf at Turnberry". _BBC News_. July 27, 2025. Retrieved July 28, 2025.

• U.S.-EU Deal Receives Widespread Praise - USTR

  Representative Ben Cline: President Trump secured a historic $1.35 trillion EU trade deal that is focused on energy and military equipment. With @POTUS at the helm, the EU is doubling down on its significant investments in America. Representative Mariannette Miller-Meeks: Thanks to @POTUS, the EU is set to buy over $150 BILLION in U.S. energy. No one produces cleaner, more reliable energy than America, and we're powering the free world again. [...] Delta Air Lines: The US/EU trade agreement reached between President Trump and EU leadership is welcome news given it preserves a zero-tariff environment on aircraft and component parts, a reciprocal policy that’s been in place for over 40 years. This important step in the President’s trade negotiations will help protect and continue to grow the role of air travel as a driver of U.S. economic growth, innovation, and high-quality jobs, while protecting the $104 billion annual US trade surplus in [...] Representative Pat Fallon: President Trump's trade deal announced yesterday with the EU is a huge win for American manufacturing and the energy sector. $750 billion in US energy sales to EU and $600 in investments in the US by 2028 will strengthen our joint security and drive our economy. Representative Mary Miller: @POTUS is accomplishing what no other President could!! Representative Andy Ogles: This is one of the most historic deals in our Nation's history! MAGA!

• US and EU avert trade war with 15% tariff deal - Reuters

  TURNBERRY, Scotland, July 27 (Reuters) - The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade. [...] "I think this is the biggest deal ever made," Trump told reporters, lauding EU plans to invest some $600 billion in the United States and dramatically increase its purchases of U.S. energy and military equipment. Trump said the deal, which tops a $550 billion deal signed with Japan last week, would expand ties between the trans-Atlantic powers after years of what he called unfair treatment of U.S. exporters.

• EU-US tariffs: what is in the trade deal, what is not ... - The Guardian

  Donald Trump and Ursula von der Leyen announced a deal on Sunday, but questions remain over what the finished picture will be Lisa O’Carroll in Brussels and Helen Livingstone Mon 28 Jul 2025 01.04 EDT Last modified on Tue 29 Jul 2025 19.38 EDT Share The EU and US have struck a deal that will see tariffs of 15% on most of the bloc’s exports to the US, averting a trade war between two of the world’s biggest economic powers. [...] World Europe US news Americas Asia Australia Middle East Africa Inequality Global development Image 2: European commission president Ursula von der Leyen with Donald Trump after the announcement of a trade deal between the US and EU. - [x] European commission president Ursula von der Leyen with Donald Trump after the announcement of a trade deal between the US and EU. Photograph: Evelyn Hockstein/Reuters View image in fullscreen [...] The EU has also committed to buying $750bn (£560bn) in energy from the US over three years and has sweetened the look of the deal by aggregating all the known investment commitments and claiming they are going to invest $600bn (£450bn) into the US. This allowed Trump to declare the deal bigger than Japan’s which promised $550bn of investments. In all, the tariffs will apply to 70% of EU exports worth €380bn a year.