President Trump and President of the European Commission, Ursula von der Leyen, presented a trade agreement at the weekend, with tariffs being determined to 15 percent for Europeans.
The European Union is also said to buy 750 billion US dollars of American energy in the deal, approached Trump and agreed to invest a further 600 billion US dollars in the United States
Trump had previously threatened 30 percent tariffs for the EU, which will be trapping in early August.
“I think it’s the biggest offer that every brand,” said Trump.
You need to know the following about the agreement:
What led to the deal?
Trump’s tariff policy in the first fair months of his second term ranked countries around the world in which allies such as Canada and the European Union took part.
In April, the President presented his tariff “liberation day” with a 20 percent duty for European goods with the EU responsibility with its owners. The president paused most of the “mutual” tariffs for negotiations, but threatened to raise a 50 percent tariff in May.
At the beginning of this month, Trump Sensation would lead his administration from August a 30 percent tariff to goods from Mexico and EU members. 1.
The President informed the reporters last week that he had the chances that the United States would come to a trade agreement with the EU before a deadline for 50/50.
“After a good call with @potus, we agreed to meet in Scotland on Sunday to discuss the transatlantic trade relationships and how we can keep them strongly,” Social platform X Last friend.
What is included in the deal?
A statement From the Leyen, “the vast majority of the EU exports” to us, will be exposed to a tariff rate of 15 percent in most sectors in which cars, semiconductors and pharmaceuticals, in most sectors. ”
The United States and Europe also agreed on a number of strategic products such as aircraft, some chemicals and semiconductors for devices, said von der Leyen to zero-for-zölle.
Other parts of the deal are EU and US agreements on steel and aluminum, energy and artificial intelligence that is concerned from the Leyen.
What was the reaction to the deal?
“It is a dark day on which an alliance of free people brings together to confirm their common values and defend their common interests, steps out to submit Bayrou Wrote on xRelate to the deal.
Belgium’s Prime Minister called
Bart de Wever said in a post on X that he hopes that Trump will one day “include the value of free trade”.
“When we are waiting for the full details of the new EU -US trade contract, one thing is clear: this is a moment of relief, but not cellbration.
“I hope that the United States will deviate from the deception of protectionism again in due course and that the value of the free trade will be accepted again – a cornerstone of common prodigm,” he added.
“This is clearly the best deal Wear dress in very different circumstances” According to Reuters.
Minister of Commerce Howard Lutnick Praised the deal, In a post on the X Sunday, “President Trump Justice unlock the world’s largest economies”.
“The Europan Union will open its 20 -Billion dollars and for the first time will completely do our car and industrial standards in America,” added Lutnick.
