On Sunday, President Donald Trump announced that the United States and the European Union (E.U.) During the announcement, Trump stated that the EU had agreed not to place tariffs on American goods. Talks were reportedly nearing completion when Trump abruptly posted on Truth Social, declaring a plan to raise tariffs to 30%. The EU, made up of 27 member nations, remains the United States’ largest source of imported goods. In 2024, the U.S. imported roughly $605 billion worth of goods from the bloc—more than it brought in from Mexico, Canada, or China.