US EditionPresident Trump Announces Trade Deal with European Commission
UNITED STATES, JUL 29 – The agreement cuts US tariffs on EU goods to 15%, easing pressure on industries employing 13 million people, while boosting $1.35 trillion in US-EU trade and investment commitments.
- On July 27, the U.S. and the EU reached a trade deal imposing a 15% tariff on most European exports to the U.S., including chemicals, automobiles, and electronics.
- The agreement followed intense negotiations beginning in mid-April, pressured by the U.S. after President Trump started a trade war with universal tariffs.
- The deal exempts certain strategic goods from tariffs and includes the EU’s commitment to procure $750 billion in U.S. energy products during Trump's remaining term.
- European Commission President von der Leyen called the deal “the best we could get,” and the tariff will impact about 70% of EU exports to the U.S.
- This pact avoids harsher tariffs but will significantly affect European companies and prompt EU officials to reconsider their geopolitical and economic position.
80 Articles
80 Articles
EU-U.S. Trade Deal: Figures Point to Devastating Impact on Italy
The Italian government’s response to Brussels’ trade deal with the U.S. was a little more neutral than those of its European counterparts, praising the avoidance of a trade war while promising—as Deputy Prime Minister and Foreign Minister Antonio Tajani put it—to “evaluate all the details.” But analysis by Italy’s Svimez research association already suggests that the details are bad. Forecasters said the deal, which sets a 15% tariff on most Eur…
After months of harsh negotiations and threats of trade war, the United States and the European Union sealed an agreement that President Donald Trump presented with grandeur and being, on European soil, he the host of the summit. A gesture that says almost everything.Read more]]>
Emmanuel Macron did not want to leave this behind. The Head of State finally reacted to the trade agreement between the United States and the European Union on Sunday, 27 July. At the Council of Ministers on Wednesday, 30 July, he would have considered that the deal "has the merit of offering visibility and predictability in the short term" after negotiations conducted "under difficult conditions". He "preserves French and European interests" no…
'USA–EU 15–0,’ Hungarian Expert Says about the Trade Deal
As we have reported, last Sunday US President Donald Trump announced a new trade agreement he had signed with the European Union. Thus far, the prevailing opinion is that the new deal favours the United States a lot more than the EU. Máté Tóth, an international and energy attorney, also shares that view. He was a guest on the Hungarian news channel Hír TV’s morning programme Napindító (Day Starter) on Wednesday, 30 July, to share his expertise o…
US-EU trade deal: A ‘lose-lose’ pact for both America and European Union. Here's why
Expert thinks that there’s nothing to celebrate as both trade deals are lose-lose for all involved. The best that can be hoped for is that the Trump administration now moves on to other priorities before more damage is done.
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