The United States and the European Union have reached a last minute trade agreement that will store 15% of the EU -entering goods tariff and replace the previously endangered 30% rate. The agreement, which was reached just before 1 August, announced President Donald Trump and President of the European Commission Ursula von der Leyen after a meeting with a high share in Scotland Trump’s Turnberry Golf Resort.
“It was a very interesting negotiation. I think it will be great for both parties,” Trump said.
President Trump noted long -term friction in business relations between the US and Europe, and said, “We were hard to deal with Europe, very difficult.” “I think the main point of gluing is justice.”
According to the US Agreement, the basic 15% tariff on EU exports – at the same level that Japan has recently agreed – including cars that were previously taxed to 25%.
“We agree that the tariff directly across, for cars and everything else, will be 15 percent via the tariff,” Trump confirmed.
Secure Massive Purchases and Investments
Within the agreement, the EU has committed itself to buying US US $ 750 billion and investing in $ 600 billion in the US economy.
Trump called the result “good trade for all”, while von der Leyen added: “It will bring stability. It will bring predictability. This is very important for our businesses on both sides of the Atlantic.”
The agreement allegedly reflects the recent agreement .s-Japan announced at the beginning of the week, which also represented 15% of the import duty and avoided previously endangered higher tariffs.
No more extension, says the secretary of the American trade
The Minister of American trade Howard Lutnick emphasized the urgency to push both sides to achieve consensus: “No extension, no time of delay. 1.
Trump provides business agreements with 6 nations
Due to the conclusion of the EU trade agreement, six countries including – Britain, Vietnam, Indonesia, Philippines and Japan – have achieved agreements with Trump’s administration before the upcoming Friday date because the US has moved to transforming the global free trade frame
While tariffs agreed by these countries are generally higher than 10 % of the base rate related to most countries since April, remain significantly lower than the steep rates that Trump’s administration threatened unless any agreements were provided.
With mere days remaining before the deadline, global markets carefully monitor any development, because storing steep tariffs could re -enter the trade tension and disrupt the transatlantic trade.
(Tagstotranslate) US-EU trade agreement (T) 15% EU-Tariff tariff
