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

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.

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.

The European Union could not say when a joint statement on tariffs with the United States would be ready, nor when the White House would issue an executive order on European car import duties, a spokesperson said on Tuesday.

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

The entry into force this month of the European Union (EU)’s Artificial Intelligence (AI) Act, to regulate general-purpose AI (GPAI) models, has been widely hailed a landmark. According to the law, the generality of AI models can be determined,

The outlook for European corporate health has slightly deteriorated, the latest earnings forecasts showed on Tuesday, marking a change of direction after several weeks of improvement.