On July 27, 2025, the President of the European Commission, Ursula von der Leyen, and the President of the United States, Donald J. Trump, reached an agreement on tariffs and trade.

The transatlantic partnership is a key artery of global trade and the most important bilateral trade and investment relationship in the world. Trade in goods and services between the EU and the United States has doubled over the past decade, surpassing €1.6 trillion in 2024, with €867 billion in goods trade and €817 billion in services trade. That amounts to more than €4.2 billion in goods and services crossing the Atlantic every day.

This deep and comprehensive partnership is based on mutual investment. In 2022, EU and U.S. companies invested €5.3 trillion in each other's markets.

This political agreement restores stability and predictability for citizens and businesses on both sides of the Atlantic. The agreement ensures continued access for EU exports to the U.S. market, preserving deeply integrated value chains — many of which rely on SMEs — and effectively safeguarding jobs. It also provides the basis for ongoing collaboration between the EU and the United States.

In the political agreement of July 27, 2025, Presidents von der Leyen and Trump agreed on the key parameters of the trade relationship between the EU and the United States. It is the first step in a process that will expand over time to cover additional areas and further improve market access.