U.S. President Donald Trump over the weekend said he would slap a 30% tariff on goods imported from the European Union from Aug. 1. EU leaders have said they are still aiming to come to an agreement with the U.S. before the tariffs kick in. Economists said they still expect that a framework agreement can be reached in time. US President Donald Trump walks on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Sunday, July 13, 2025. Bonnie Cash/UPI/Bloomberg via Getty Images
The European Union has been left scrambling after U.S. President Donald Trump said he would slap a 30% tariff on goods imported from the bloc beginning Aug. 1.
European leaders were quick to respond, saying they would still work to strike an agreement with the