The United States and the European Union have reached a new trade agreement that eases tensions along the transatlantic axis. The White House confirmed that President Donald Trump and European Commission President Ursula von der Leyen personally agreed on a crucial compromise in Washington—just ahead of the August 1 deadline that threatened sweeping tariffs.

Trump called the agreement “the greatest of all deals,” confirming the U.S. will impose a 15% tariff on most European goods, including automobiles. However, exemptions were granted to aircraft, certain chemicals, and pharmaceuticals—offering relief to countries like Germany and France, where these industries are vital.

💶 In Exchange for a Tariff Cap, the EU Pledges Massive Spending

Brussels agreed to purchase $750 billion worth of American energy and invest an additional $600 billion in the U.S. economy. During the press conference, Trump also hinted at large-scale orders for U.S. military equipment, although no specific details were provided.

These commitments prevented the previously threatened 30% tariffs and are intended to mark the beginning of a new era of cooperation. Ursula von der Leyen acknowledged the negotiations were tough but ultimately called the outcome a “huge success.”

⚠️ Trade War Was Looming

Just days ago, Trump claimed there was only a “50/50 chance” of reaching a deal. Meanwhile, the EU was preparing for the worst—poised to activate its Anti-Coercion Instrument, often referred to as the "trade bazooka,” and initiate countermeasures against American goods.

Some member states reacted cautiously. Irish Prime Minister Michael Martin welcomed the deal as bringing “clarity and predictability” to transatlantic relations, but warned that higher tariffs would “increase costs and complicate trade.” German Chancellor Friedrich Merz praised the tariff cut on cars—from 27.5% to 15%—as a “major relief” for Germany’s export-driven economy.

📊 Transatlantic Trade in Numbers

In 2024, total trade in goods and services between the U.S. and EU reached €1.68 trillion (over $1.9 trillion). While the EU recorded a surplus in goods, it had a deficit in services, leading to an overall trade surplus of €50 billion with the U.S. The shift to a 15% tariff structure is expected to significantly impact this balance—particularly in sectors reliant on consistent cross-border flows, such as machinery, pharmaceuticals, and vehicles.


#usa , #TradeDeal , #TRUMP , #Tariffs , #USPolitics

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