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the US and the EU have agreed on a new trade deal....MOSCOW (Sputnik) - The United States and the European Union have agreed on a new trade deal, which envisages, among other things, a zero tariff on US imports to the European markets and a 15% baseline tariff on all EU goods coming to the US, including cars, US President Donald Trump said on Sunday. "I just want to congratulate you. I think it is great that we made a deal today instead of playing games and maybe not making a deal at all … I think it is the biggest deal ever made," Trump said at a meeting with European Commission President Ursula von der Leyen in Scotland.
YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
Gus Leonisky POLITICAL CARTOONIST SINCE 1951.
SEE ALSO: https://www.rt.com/news/622003-kremlin-hates-von-der-leyen/
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f**ked!
The United States and the European Union on Sunday reached a trade deal, ending a months-long standoff.
"We have reached a deal. It's a good deal for everybody," US President Donald Trump told reporters after talks with the European Commission President Ursula von der Leyen in Scotland.
"We have a trade deal between the two largest economies in the world. And it's a big deal. It's a huge deal," said von der Leyen, who was seeking to finalize an agreement with Washington before the August 1 deadline.
"It will bring stability, it will bring predictability. That's very important for businesses on both sides of the Atlantic," she added.
Ahead of the crunch talks, Trump gave "a good 50-50 chance" on Friday for a deal to be reached with the European Union.
What's in the EU-US trade deal?"We are agreeing that the tariff straight across, for automobiles and everything else, will be a straight across tariff of 15%," according to Trump. Currently, most EU goods face a 10% tariff, with levies of 25% on cars and car parts.
But the rate would not apply to steel and aluminum, which are being taxed at 50%.
Trump also said the bloc had agreed to purchase "$750 billion (€638 billion) worth of energy" from the US, as well as $600 billion more in additional investments.
"Purchases of US energy products will diversify our sources of supply and contribute to Europe's energy security. We will replace Russian gas and oil by significant purchases of US LNG, oil and nuclear fuels," von der Leyen told reporters.
She added that the baseline tariff rate of 15% on imported EU goods would apply to cars, semiconductors and pharmaceutical goods.
At the start of the meeting, Trump said that "fairness" was the main remaining sticking point.
"Europe is very closed. We don't sell cars into Europe. We don't sell essentially agriculture of any great degree," he said.
https://www.dw.com/en/us-and-eu-reach-trade-deal-to-avoid-tariffs/a-73429993
PAYING TWICE AS MUCH FOR HALF AS LESS OIL AND GAS? A FANTASTIC DEAL !.....
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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
Gus Leonisky
POLITICAL CARTOONIST SINCE 1951.
although.....
German Chancellor Friedrich Merz welcomed the agreement on the introduction of a 15 percent duty on exports from the EU to the United States, but admitted that he expected big eases as a result of the deal, his words are quoted in a press release of the Cabinet of Ministers of the country.
Earlier, the head of the European Commission, Ursula von der Leyen, following talks with American leader Donald Trump in Scotland, confirmed an agreement to impose a 15 percent duty on almost all exports from the EU to the United States.
"We managed to protect our key interests, although I certainly counted on further easing in transatlantic trade. Stable and predictable trade relations with mutual access to markets benefit everyone on both sides of the Atlantic, both companies and consumers," Merz said.He welcomed the agreement between von der Leyen and Trump, noting that with the help of the deal it was possible to avoid "unnecessary escalation" in transatlantic trade relations.
Подробнее: https://eadaily.com/en/news/2025/07/28/merz-commented-on-the-duty-deal-between-the-european-union-and-the-united-states
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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
Gus Leonisky
POLITICAL CARTOONIST SINCE 1951.