US Edition
US and EU agree trade deal, says Donald Trump
UNITED STATES, JUL 29 – The deal avoids a 30% tariff hike and includes $600 billion in EU investments and $750 billion in U.S. energy purchases, aiming to rebalance trade and support American industries.
- At Turnberry golf course in Scotland, President Trump and Ursula von der Leyen will meet tomorrow to discuss a trade deal with a 15% tariff on EU goods entering the US.
- Ahead of Aug. 1, the U.S. will impose a 15% tariff on most EU exports due to a $235 billion trade deficit, as Trump warned.
- As part of the deal, the European Union will reduce U.S. car import duties to 25%, with no mention of energy purchase commitments.
- Financial markets responded as the euro rose about 88%, and German Chancellor Friedrich Merz welcomed the deal as avoiding a trade conflict.
- The agreement now heads to EU member states and lawmakers for approval, with technical meetings starting next month.
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European imports to see 15% tariffs after Trump strikes trade deal • Idaho Capital Sun
President Donald Trump and European Union leaders announced a trade framework over the weekend that will set 15% import taxes on EU goods. (Photo by Getty Images)WASHINGTON — President Donald Trump and European Union leaders announced a trade framework over the weekend, just days ahead of Trump’s self-imposed Friday deadline to increase import taxes and his emergency tariffs come under scrutiny in federal appeals court Thursday. Under the agreem…
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Total News Sources848
Leaning Left130Leaning Right110Center192Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 30%
C 44%
R 25%
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