Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US and EU clinch deal with broad 15% tariffs on EU goods to avert trade war
Reuters ^ | July 27, 20251:40 PM CDT | Andrew Gray and Andrea Shalal

Posted on 07/27/2025 12:17:54 PM PDT by E. Pluribus Unum

Summary

TURNBERRY, Scotland, July 27 (Reuters) - The United States struck a framework trade deal with the European Union on Sunday, imposing a 15% U.S. import tariff on most EU goods, but averting a spiralling battle between two allies which account for almost a third of global trade.

The announcement came after European Commission President Ursula von der Leyen travelled for talks with U.S. President Donald Trump at his golf course in western Scotland to push a hard-fought deal over the line.

"I think this is the biggest deal ever made," Trump told reporters after an hour-long meeting with von der Leyen, who said the 15% tariff applied "across the board".

"We have a trade deal between the two largest economies in the world, and it's a big deal. It's a huge deal. It will bring stability. It will bring predictability," she said.

The deal, that also includes $600 billion of EU investments in the United States and significant EU purchases of U.S. energy and military equipment, will indeed bring clarity for EU companies.

However, the baseline tariff of 15% will be seen by many in Europe as a poor outcome compared to the initial European ambition of a zero-for-zero tariff deal, although it is better than the threatened 30% rate.

The deal mirrors parts of the framework agreement the United States clinched with Japan last week.

"We are agreeing that the tariff... for automobiles and everything else will be a straight across tariff of 15%," Trump said. However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would remain in place.

Trump, who is seeking to...

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS:

1 posted on 07/27/2025 12:17:54 PM PDT by E. Pluribus Unum
[ Post Reply | Private Reply | View Replies]

To: E. Pluribus Unum

Was Europe ready to give up the VAT for zero tariffs?


2 posted on 07/27/2025 12:20:42 PM PDT by aynrandfreak (Being a Democrat means never having to say you're sorry)
[ Post Reply | Private Reply | To 1 | View Replies]

To: aynrandfreak

WINNING!!! (Channeling Charlie Sheen).


3 posted on 07/27/2025 12:23:34 PM PDT by PJ-Comix (Yes, I am the Toxic Troll Terminator)
[ Post Reply | Private Reply | To 2 | View Replies]

To: E. Pluribus Unum

More here…

https://freerepublic.com/focus/f-news/4331077/posts


4 posted on 07/27/2025 12:29:38 PM PDT by chuck allen
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

Why didn’t Biden, Obama and Clinton do this?

As far as that goes, why didn’t Bush do this?


5 posted on 07/27/2025 12:34:22 PM PDT by jeffersondem
[ Post Reply | Private Reply | To 1 | View Replies]

To: jeffersondem

Sadly, George Bush pere and fils did as much, if not more, damage to the country than Clinton/Obama/Biden. And I say that as someone who voted for the Bushes in 4 general elections (though never in a primary)


6 posted on 07/27/2025 1:37:15 PM PDT by irishjuggler
[ Post Reply | Private Reply | To 5 | View Replies]

To: E. Pluribus Unum
Oh good. Britain (Starmer) isnt part of the EU. I dont want any deals made that might help that clown...but I do feel a lot of pity and empathy for the "real" British people.


7 posted on 07/27/2025 4:43:15 PM PDT by know.your.why
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson