The United States and the European Union reach a commercial deal of up to 15 % of comprehensive definitions
- President Donald Trump and European Commission President Ursula von der Lin He met Scotland on Sunday to settle a trade deal for the United States of America. Without an agreement, the European Union was scheduled to get a 30 % tariff rate on August 1, an increase of the current “mutual” duty of 10 %. Last week, Trump reached a trade with Japan, which set a 15 % average.
The American and European Union has agreed on trade conditions, which include a large rate of 15 % on European Union products, as well as hundreds of billions of investments in the American industry.
President Donald Trump and European Commission President Ursula von der Lin met in Scotland on Sunday to settle the agreement.
Trump said the European Union will invest $ 600 billion in the United States and buy $ 150 billion in US energy, with US weapons also purchased in this mix.
With the heading to their meeting, Trump and Von der Lin said they had seen a 50-50 opportunity to reach a deal. Trump also excluded medicines from any deal and said that the rate of tariffs on the European Union will not be less than 15 %.
The European Union is already facing a 50 % tariff in the United States on steel and aluminum in addition to a 25 % average of cars and auto parts. Without a deal by August 1, the European Union was appointed to hit with a “mutual” tariff by 30 %, up from 10 %.
Last week, Trump reached a trade with Japan, which set a 15 % average and included a pledge to Tokyo to invest $ 550 billion in the main American industrial sectors, with Trump directing money.
Treasury Secretary Scott Besent said that the offer of investment in Japan was a key to canceling a trade agreement, and suggested that other countries help obtain a similar rate, though this Wall Street analysts expressed his doubts that the money will be fully fulfilled.
In fact, Trump hinted that the European Union will have to “buy” a 30 % threatened tariff rate and referred to the Japan deal.
If a deal is not made with the United States, the European Union was already a retaliatory tariff of up to 30 % on more than $ 100 billion in American exports, such as planes, cars and borbon whiskey.
Meanwhile, other commercial partners in the United States are staring at the deadline on August 1, and Trade Minister Howard Lootnick said on Sunday that no other extensions would be given.
But the United States and China are Extension of the trade truce for 90 days Also talks between Bessent and the Chinese Deputy Prime Minister, Lifeng is scheduled to start on Monday in Stockholm. Without extension, the tariff stopped on August 12.
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