Trump admin updates: EU will buy $750 billion worth of U.S. energy under deal

The deal would impose a 15% tariff on most goods.

ByKevin Shalvey, Megan Forrester, Ivan Pereira, and Alexandra Hutzler
Last Updated: July 27, 2025, 4:52 PM EDT

President Donald Trump and European Commission President Ursula von der Leyen announced on Sunday the U.S. and the EU had reached a deal that would impose a 15% tariff on most goods.

Under the deal, the EU will purchase $750 billion worth of energy from the U.S. and invest $600 billion more than it's already is.

Meanwhile, Trump's health secretary, Robert F. Kennedy Jr., plans to oust all 16 members of a task force that recommends which preventive health services, such as cancer screenings, must be covered by insurance.

Latest headlines:

Here's how the news is developing.
Jul 22, 2025, 1:43 PM EDT

Trump reduces Philippines' tariff rate by 1%

President Donald Trump has reduced the Philippines' tariff rate by 1% after a bilateral meeting and lunch at the White House with the country's president on Tuesday.

The Philippines now faces a 19% tariff.

President Donald Trump meets with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House, July 22, 2025 in Washington.
Chip Somodevilla/Getty Images

"It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff," Trump wrote on social media following the visit.

Trump called the meeting a "great honor" and suggested again that Philippines President Marcos was a "tough" negotiator.

-ABC News’ Kelsey Walsh

Jul 22, 2025, 12:00 PM EDT

Trump was not aware of Ghislaine Maxwell meeting with Deputy AG Todd Blanche

While meeting with Philippines President Marcos, President Donald Trump said he "doesn’t know a thing" about Deputy Attorney General Todd Blanche saying he will meet with Ghislaine Maxwell, the convicted associate of deceased sex offender Jeffrey Epstein.

He said the meeting between Blanche and Maxwell "sounds appropriate to do."

“I don’t really follow that too much," Trump said, calling the demand for the release of the files to be a "witch hunt."

PHOTO: President Donald Trump meets with Philippine President Ferdinand Marcos Jr., in the Oval Office of the White House, July 22, 2025, in Washington.
President Donald Trump meets with Philippine President Ferdinand Marcos Jr., in the Oval Office of the White House, July 22, 2025, in Washington.
Alex Brandon/AP

Jul 22, 2025, 11:52 AM EDT

Trump on Powell: 'He's going to be out soon anyway'

President Donald Trump was asked about Fed Chair Jerome Powell's future.

The president, who referred Powell as a "numbskull," claimed "He's going to be out soon anyway."

President Donald Trump waits for the arrival of Philippine President Ferdinand Marcos Jr., at the White House in Washington, July 22, 2025.
Kent Nishimura/Reuters

Jul 22, 2025, 11:33 AM EDT

House Democrats 'want the truth to come out' regarding Epstein

When asked about the upcoming meeting between Ghislaine Maxwell -- the convicted associate of deceased sex offender Jeffrey Epstein -- and Deputy Attorney General Todd Blanche, House Democrats said they "want the truth to come out."

Democratic Rep. Pete Aguilar accused President Donald Trump and House Republicans of wanting to protect the "rich and powerful."

“What's in these documents that they are afraid of? Follow through or don't follow through,” Aguilar said on Tuesday.

Related Topics

Sponsored Content by Taboola