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Trump tariffs live updates: US-EU agreement announced. China truce extension expected. Yahoo Finance Updated Sun, Jul 27, 2025, 2:49 PM2 min read ...

President Trump and European Commission President Ursula von der Leyen announced Sunday that the US and EU had agreed to the framework of a trade deal that included a baseline tariff rate of 15% ...

Why is Trump using tariffs? Trump says tariffs will encourage US consumers to buy more American-made goods, increase the amount of tax raised and boost investment.