A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of Trump’s new trade deal with the European Union.

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

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.

Prepare for the 'year of tariffs' in 2025. Learn how escalating trade barriers and negotiations could impact markets and your investment strategies.

The commerce secretary said President Donald Trump's sweeping new tariffs would drive as much as 1.5 percent gross domestic product growth.

The European Central Bank is leaving interest rates unchanged as it waits to see how big a blow U.S. President Donald Trump’s tariffs will inflict on the economy before deciding whether to cut rates a

Britain and India signed a free trade agreement on Thursday during a visit by Indian prime minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars and allow more market access for businesses.

Starmer hails ‘historic day’ as Modi visits for signing of UK-India trade deal - Sir Keir Starmer and Narendra Modi met at Chequers for the formal signing of the trade agreement.

On Monday morning, Trump said the baseline tariff rate for the world will be “in the range of 15 to 20% ... probably one of those two numbers.” “We’re going to be setting a tariff for essentially the rest of the world,

Sir Keir Starmer is set to sign one of his landmark trade deal with India prime minister Narendra Modi which has already unleashed billions of investment in the UK. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.