US EditionEu Defends Trump Trade Deal Facing Backlash
SCOTLAND, JUL 27 – The EU accepted a 15% tariff on most exports to the US to avoid a trade war, securing $750 billion in US energy purchases and $600 billion in investments over three years.
- During a trip to Scotland over the weekend, US President Donald Trump and EU Commission President Ursula von der Leyen agreed to a major trade deal, details still under negotiation.
- Facing a buildup of tariffs, the EU moved to negotiate as Trump opened talks by demanding a firm commitment before August 1.
- Notably, Trump dropped his tariff demand to 15% then settled on a 15% rate, easing transatlantic trade tensions.
- Market reaction was swift: the pan-European Stoxx 600 index hit a 15% rise before closing 0.22% lower, while ASML shares gained 4.9% and energy stocks rose 1.1%.
- The EU has also committed to US energy purchases and investments while negotiations focus on tariff exemptions for spirits and wine industry.
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Tariffs on American goods to fall below 1% under new US-EU trade deal: Report
US-EU trade deal: The EU has agreed to a 15% tariff on most of its exports to the US, a steep rate likely to impact European industries. In return, US tariffs on EU goods will drop to a baseline 5%, far lower than Trump’s earlier threat of 30%.
·Uttar Pradesh, India
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Breitbart Business Digest: The EU Trade Deal Is the Dawn of a New Era for Global Trade
The trade deal Donald Trump announced Sunday with the European Union is not just the death certificate of the old regime. It is also the birth certificate of a new era in international trade.
·United States
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The agreement has attracted several criticisms from capitals and major industries.
·Montreal, Canada
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Coverage Details
Total News Sources22
Leaning Left4Leaning Right5Center2Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 36%
C 18%
R 45%
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