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 50% on steel and aluminum. Cars and car parts are now taxed at 25%.
Trump also said the bloc had agreed to purchase “$750 billion (€638 billion) worth of energy” from his country, as well as $600 billion more in additional investments.
The president told reporters at the start of the meeting 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, adding that pharmaceuticals “won’t be part of” any agreement.
There’s no space for oversized gas guzzlers in Europe. And the one US car brand that sold well in Europe, Tesla, was torpedoed by its own Nazi CEO. How is that Europe’s fault?
Raise your standards for food safety and Europe will buy. Europeans are more demanding with what they stuff in their mouths. But the way deregulations and the dismantling of the FDA is going in the US, it’s not going to improve anytime soon.
Fuck those pickups, they’re hilariously oversized and the job can easily be done with a trailer. Plus those big cars consume way more energy, being way more expensive than worth. Even with leases and all that, it ain’t worth.
My neighbour has one. He barely uses it because it’s doesn’t fit on the average Black Forest road.
Why’d he even gotten one? It slurps energy and takes space, and isn’t more comfortable. Plus you can do the same with a trailer, which can be removed.
With Trump in office, is the period of deregulation for US now. In everything. He started with AI.
Also, if I understand correctly he wants Europeans to buy more American stuff by having Americans pay more for European stuff??
That’s true, we wouldn’t gain much from tariffing back US products (aside from looks), because we already don’t buy them for other reasons.
Well I mean there’s Ford as well and they sell pretty good as far as I know
Ford vehicles sold in Europe are designed and built in Europe. They’re not imported.
That was true 20 years ago, but Ford has been moving more and more towards a global strategy.
The Ford Escape, Explorer, Ranger, Focus, Mustang, Mach-E, are available in both US and Europe, and I think now even the F-150 and Bronco have made it into Europe. Plus the Transit commercial range.
So no, they’re not quite separate anymore. Some models get developed in Europe (Focus, Escape), some in the US (Mustang, Ranger) but the general goal is to sell across the Atlantic.
There’s GM as well… it’s just that they have learned to make better cars for Europe, and even to make some of them in Europe…