On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade.
The transatlantic partnership is a key artery of global trade and is the most significant bilateral trade and investment relationship in the world. EU-US trade in goods and services has doubled over the last decade, surpassing €1.6 trillion in 2024, with €867 billion of trade in goods and €817 billion of trade in services. That is over €4.2 billion of goods and services crossing the Atlantic every day. This deep and comprehensive partnership is underpinned by mutual investment. In 2022, EU and US firms invested €5.3 trillion worth in each other's markets.
This political agreement restores stability and predictability for citizens and businesses on both sides of the Atlantic. The deal secures continued access for EU exports to the US market preserving deeply integrated value chains – many of which rely on SMEs – and effectively safeguarding jobs. It also provides the basis for continued collaboration between the EU and US.
