July 28, 2025- The U.S. and the European Union have established the framework of a deal that could set tariffs to 15% for most imports from the bloc, according to MedTech Dive. As part of the pact, the EU would also purchase $750 billion worth of U.S. energy exports over the next three years, while investing $600 billion into the country, President Donald Trump said during a Sunday press briefing alongside European Commission President Ursula von der Leyen. The 15% tariff rate is lower than the 30% rate Trump had previously threatened against the United States’ largest trading partner, but higher than the 10% baseline tariffs the EU was hoping for, according to CNBC.