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I'm Jerry Willis, and this is the Fox Business Rundown.

Monday, July 28, 2025, President Trump has announced a massive trade deal with the European Union, just days before his August 1st deadline and a key meeting at the Fed.

There are certain sectors where you may see the tariffs go up. And I think from my standpoint, that's the part where I'm most concerned.

Probably the biggest deal ever reached.

That's how President Trump described the U.S. trade agreement with the European Union this weekend.

It will cut the tariffs threatened on European imports in half, and could mean the EU buys a lot of U.S. energy.

The news comes just days before the President's August 1st deadline.

...