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

“We have reached a deal. It’s a good deal for everybody,” Trump told reporters after talks with von der Leyen at his golf resort in Turnberry, Scotland. He told reporters in Scotland that the EU had committed to investing an extra $600 billion in the United States, as well as purchasing $750 billion worth of energy.

TURNBERRY, Scotland, July 27 (Reuters) - European Commission President Ursula von der Leyen met U.S. President Donald Trump on Sunday to clinch a trade deal that would likely result in a 15% tariff on most EU goods, but end months of uncertainty for European Union companies.