Posted on 07/27/2025 4:22:34 PM PDT by SeekAndFind
SUMMARY:
* The United States and European Union have reached a trade deal which will see a blanket tariff of 15% on all EU goods imported to the US.
* President Trump says the EU has promised hundreds of billions of dollars of investment and energy purchases.
* Trump and President of the European Commission Ursula von der Leyen met for talks in Scotland on Sunday - she has called the agreement a "huge deal"
* The new deal is set to kick in on Friday, and means the Europe will avoid threatened import charges of 30%
The agreement will see a blanket US tariff of 15% on all EU goods. Details of the deal are still being pored over but, as part of it, Trump also said the EU had promised hundreds of billions of dollars worth of investment and energy purchases.
The US leader described the agreement as the "largest ever made"; while Ursula von der Leyen hailed the deal, saying it would bring stability and predictability for both sides.
In the hours that followed the announcement, European leaders cautiously welcomed the trade deal with German Chancellor Friedrich Merz saying the agreement managed to preserve the EU's fundamental interests.
Italian Prime Minister Giorgia Meloni views the deal as positive but stresses she would need to see the details before passing proper judgement. Irish Prime Minister Micheal Martin says it will help bring stability, but he acknowledges that trade will be more expensive than before.
(Excerpt) Read more at bbc.com ...
Drive The Debt to zer0.
Trump strikes ‘biggest deal ever made’ with EU: Europeans will pay $1.6T, accept 15% tariffs after meeting with prez
Yesterday the Dems were screaming that this leisure trip was costing the taxpayers $10 million. lol
Therefore, Merz, Macron, Starmer and all those others are now de facto relegated to being less than presidents / premiers / chancellors of their own no-lnger-sovereign European nations.
One should recall:
“500 million Europeans are asking 300 million Americans to defend them against 140 million Russians. [...] Europe today lacks the belief that we are truly a global force.”Meanwhile some jackass French prosecutor has said X is a terrorist entity. Ergo Europe is in opposition to these United States. Europe as individual nations has fallen. They just don't know yet clearly enough yet.Polish PM Donald Tusk, speaking before his flight to London for the European Ukraine summit:
This starts out about the Tariff intake but read to the bottom. Imagine not having all those IRS Forms and sending in no money from your earnings. Could it become reality?
-FOX NEWS
“In a riveting appearance on Fox News Sunday Commerce Secretary Howard Lutnick outlined the transformative potential of President Donald Trump’s tariff policies, declaring, “The tariff revenues are amazing — $700 billion a year. That’s just net new money the government never had before. You take that for ten years, that’s $7 trillion.” This clip, shared widely on X, shows the administration’s aggressive push toward a tariff-driven economy that could fundamentally reshape how the U.S. collects revenue. Lutnick emphasized how these funds, combined with market-opening deals in countries like Japan, Indonesia, and Vietnam, will boost exports, create jobs, and increase tax revenues “the right way” by making Americans richer through business success. But this is just the tip of the iceberg: the Trump administration is gearing up to replace the burdensome Internal Revenue Service (IRS) with the External Revenue Service (ERS), potentially eliminating the need for American citizens to file income taxes altogether. The plan, first announced by Trump on January 14, 2025, via Truth Social, positions the ERS as a new agency dedicated to collecting tariffs, duties, and all revenues from foreign sources.
Looks like Carney and Canada has the US right where they want us now. Elbows up! /s
RE: The tariff revenues are amazing — $700 billion a year. That’s just net new money the government never had before. You take that for ten years, that’s $7 trillion
Assuming that it will even come to pass…. What does the Trump administration plan to do with the money?
Trump won’t be President in 3 1/2 years, what do you think the US Government will do with the money when he’s gone?
Has anyone told Rand Paul that this is a better way to reduce the National Debt than cutting Social Security?
“Assuming that it will even come to pass…. What does the Trump administration plan to do with the money?
Trump won’t be President in 3 1/2 years, what do you think the US Government will do with the money when he’s gone?”
My first take would be to pay down the national debt, which would raise our credit rating, keeping us easily on top of the world of finance while lowering our debt payments, freeing money for other uses. Actual experts will have a much more complicated plan of course. If the general idea goes well enough people will want it to continue. But no one can control what future American politicians will **** up, we can only know they will find a way.
not a word in any of the articles that i could find about the EU cutting THEIR tariffs on goods imported from the USA ... that’s what REALLY matters ...
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