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Wine, Spirits Not Expected in EU-US Trade Deal Exemptions

UNITED STATES, JUL 30 – The EU agrees to a 15% tariff on most imports and commits to $750 billion in US strategic purchases amid concerns over economic impact and geopolitical dependencies.

  • Under a framework deal at Scotland's Turnberry golf resort on Sunday, EU and US leaders set new tariff terms, including a 15% basic tariff on most EU imports.
  • On April 10th, 2025, the EU suspended retaliatory tariffs and entered U.S.-led talks under pressure from looming 10% duties and a 1 August deadline to avoid 30% tariffs.
  • Beyond tariffs, the deal binds the EU to purchase $750 billion in US commodities, invest $600 billion, and includes an anti-coercion instrument, Fabry noted.
  • While some EU capitals offered cautious support, France and Hungary criticized the deal, with François Bayrou calling it a 'dark day' and Friedrich Merz warning of economic harm.
  • Some experts warn it may reorient global power, forging a coalition that shifts influence toward London, Berlin, Tokyo, and non-aligned nations like India, Indonesia, Mexico, Nigeria, and Brazil.
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Deutsche Welle broke the news in Bonn, Germany on Wednesday, July 30, 2025.
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