Seymour Flops
Diamond Member
A win-win, I should say.
15% Tariffs on both sides. Plus more European investment in the U.S., including buying energy and military gear.
www.foxnews.com
From the BBC:
The United States and European Union have reached a trade deal, ending a months-long standoff between two of the world's key economic partners.
After make-or-break negotiations between President Donald Trump and European Commission President Ursula Von der Leyen in Scotland, the pair agreed on a US tariff on all EU goods of 15%. That is half the 30% import tax rate Trump had threatened to implement starting on Friday.
Trump said the 27-member bloc would open its markets to US exporters with zero per cent tariffs on certain products.
Von der Leyen also hailed the deal, saying it would bring stability for both allies, who together account for almost a third of global trade.
Trump has threatened tariffs against major US trade partners in a bid to reorder the global economy and trim the American trade deficit.
Of course the BBC made sure to mention:
As well as the EU, he has also struck tariff agreements with the UK, Japan, Indonesia and Vietnam, although he has not achieved his goal of "90 deals in 90 days".

Von der Leyen also hailed it as a "huge deal", after "tough negotiations".
Under the agreement, Trump said the EU would boost its investment in the US by $600bn (£446bn), purchase hundreds of billions of dollars of American military equipment and spend $750bn on energy.
That investment in American liquified natural gas, oil and nuclear fuels would, Von der Leyen said, help reduce European reliance on Russian power sources.
"I want to thank President Trump personally for his personal commitment and his leadership to achieve this breakthrough," she said.
"He is a tough negotiator, but he is also a dealmaker."
Trump will leave this country in great shape and in a far better position in the world after three more years of this.
Then let's see of the next president manages to screw it up - a concern no matter which party takes the WH.
15% Tariffs on both sides. Plus more European investment in the U.S., including buying energy and military gear.
EU trade deal a 'homerun' for Trump and American people, Republican strategist says | Fox News Video
A 'Fox News Live' political panel reacts to President Donald Trump's announcement of a trade deal with the European Union.
From the BBC:
The United States and European Union have reached a trade deal, ending a months-long standoff between two of the world's key economic partners.
After make-or-break negotiations between President Donald Trump and European Commission President Ursula Von der Leyen in Scotland, the pair agreed on a US tariff on all EU goods of 15%. That is half the 30% import tax rate Trump had threatened to implement starting on Friday.
Trump said the 27-member bloc would open its markets to US exporters with zero per cent tariffs on certain products.
Von der Leyen also hailed the deal, saying it would bring stability for both allies, who together account for almost a third of global trade.
Trump has threatened tariffs against major US trade partners in a bid to reorder the global economy and trim the American trade deficit.
Of course the BBC made sure to mention:
As well as the EU, he has also struck tariff agreements with the UK, Japan, Indonesia and Vietnam, although he has not achieved his goal of "90 deals in 90 days".
Von der Leyen also hailed it as a "huge deal", after "tough negotiations".
Under the agreement, Trump said the EU would boost its investment in the US by $600bn (£446bn), purchase hundreds of billions of dollars of American military equipment and spend $750bn on energy.
That investment in American liquified natural gas, oil and nuclear fuels would, Von der Leyen said, help reduce European reliance on Russian power sources.
"I want to thank President Trump personally for his personal commitment and his leadership to achieve this breakthrough," she said.
"He is a tough negotiator, but he is also a dealmaker."
Trump will leave this country in great shape and in a far better position in the world after three more years of this.
Then let's see of the next president manages to screw it up - a concern no matter which party takes the WH.