EU and US reach trade deal, avoiding tariff escalation – DW – 07/27/2025
www.dw.com
EU chief Ursula von der Leyen has managed to negotiate a 15% US tariff. She calls the transatlantic agreement "the biggest deal ever."

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.

  • ExtremeDullard@lemmy.sdf.orgEnglish
    11·
    4 days ago

    They’re all sketchy apart from Norway and the UK. My point being, if you want to starve Russia of petrodollars, you can’t procure Russian oil from Russian client states and pretend it’s not Russia oil.

    Europe would be better off not buying oil from dictators in the Gulf, dictators in America or dictators in Russia. But they can’t afford to forgo all of them, and the war currently raging at Europe’s doorstep is being waged by the latter. So if they have to choose which shitty countries to buy oil from, the US is part of the lesser evil mix as far as they’re concerned.