‘This is probably the biggest deal ever reached in any capacity,’ Trump said.
U.S. President Donald Trump meets with European Commission President Ursula von der Leyen at Trump Turnberry golf club in Scotland, on July 27, 2025. Andrew Harnik/Getty Images
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President Donald Trump announced on July 27 that the United States reached a trade agreement with the European Union after months of tough negotiations.
Before meeting with European Commission President Ursula von der Leyen, Trump told reporters that there was a “50–50 chance” of establishing a deal. European leaders had prepared for a no-deal situation ahead of the Aug. 1 deadline.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
