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US President Donald Trump (R) shakes hands with European Commission President Ursula von der Leyen (L) during a meeting, in Turnberry south west Scotland, on July 27, 2025. — AFP
#Trump #chief #strike #trade #deal #transatlantic #standoff
US President Donald Trump and the European Union chief Arsola Van Dare Leene announced Sunday that they had reached an agreement to abolish the translatant tariff stand -off and to stop a complete land trade war.
The agreement came when the clock ended on a deadline for the European Union to deal with Washington on August 1st.
“We have reached a deal,” Trump told reporters after a meeting with Van Dare Leene in his golf resort in Scotland’s Turnberry, “This is a good deal for everyone.”
Trump told reporters that the deal included a 15 % basic thing on EU exports to the United States – Japan was acquired at the same level – including the block for the main auto sector, which is currently taxing 25 %.
“We are agreeing that the tariff will be straightforward for automobiles and everything,” said Trump.
He also said that the block had agreed to buy $ 600 billion more in additional investment in the country, buying “50 750 billion energy energy” from the United States.
Talking to 27 European Union countries, the European Commission of Van Dare Leene was emphasizing $ 1.9 trillion annually in goods and services to save trade relations.
“That’s a good thing,” the European Union chief told reporters, “This is a good thing.”
“It will bring stability. It will predict. This is very important to our business on both sides of the Atlantic.”
No Urve out
Ever since Trump has re -claimed to the White House, the European Union has been subjected to numerous waves of prices. Currently it is subject to 25 % levy, steel and aluminum on cars, 50 % on steel and aluminum, and 10 of -board board tariffs, which Washington has threatened to increase by 30 % without any region.
Brussels is focusing on getting a contract to avoid sweeping prices, which will further damage its slow economy – with retaliation as a last resort.
But Trump’s agreement decreased less than EU expectations.
This block was putting severe pressure for tariff carveout for important industries from planes to spirits, and its auto industry is important to France and Germany, already suffering from levies imposed so far.
Any agreement will also need to be approved by EU member states – whose ambassadors have been updated on Sunday morning, on a visit to Greenland. He was ready to meet again after attacking the deal in Scotland.
Trump said pharmaceuticals.
The President said, “We have to build them, which is built in the United States.” This month, Trump proposed the possibility of 200 % tariffs on drugs imported into the United States, which will deal with a crushing shock in Europe.
The European Union also hoped to compromise on steel, which could allow a particular quota in the United States before the application of revenue, but Trump rejected the fact that the steel was “this way”.
Auto Sector
While 15 % of European goods will be higher than the already existing US revenue, which is around 4.8 %, but it will have stagnation, at which time companies face 10 % additional flat rate.
If the talks failed, the European Union states had a Green Late Counter tariff for $ 109 billion (93 billion euros), including aircraft and cars, from August 7. Brussels was also preparing a list of US services for a possible target.
In addition, countries, including France, say Brussels should not be afraid of the deployment of the so-called trade “Bazoka”-the European Union legislation is developed to force forcibly, which may include a ban on access to its markets and public agreements.
Trump has launched a campaign to renew US trade with the world, and if he is not contributed to Washington by August 1, he has vowed to suffer dozens of countries with convicted taxes.
US Commerce Secretary Howard Lotnik on Sunday, August 1, was stable and “no expansion, no more grace period”.
