The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday.

On July 27, Ursula von der Leyen, the president of the European Commission and President Trump agreed to a deal that included a 15% tariff on most goods from the EU.

European shares are expected to close the year a touch higher than where they are currently trading, a Reuters poll found, as support from looser fiscal and monetary policy will be kept in check by uncertainties over Washington's import tariffs.

President Donald Trump announced a trade deal with the European Union on Sunday after EU Commission President Ursula von der Leyen said it took "heavy lifting."

The EU’s exports to the U.S. declined in June and hit their lowest level since the end of 2023, according to statistics agency Eurostat.

The talks are due to resume after the call, which Trump had initially said would take place after he consulted with European leaders, added the diplomat

European leaders arrived at the White House on Monday in a show of support for Ukrainian President Volodymyr Zelenskyy ahead of his meeting with President Donald Trump, where he may face pressure to end the war with Russia on terms favorable to Moscow.

The European Union leaders welcome President Trump’s efforts to put an end to Russia’s war of aggression and to achieve a just and lasting peace and security for Ukraine. The European Union stands with the Ukrainian people,

U.S. President Donald Trump has interrupted his talks in Washington with European leaders to call Russian President Vladimir Putin, an EU diplomat told Reuters on Monday.

Due to arrive within weeks, it will be the first time that a European Union nation has implemented a 150kmh speed limit on motorways.