💥New Trade Agreement between the U.S. and the EU: A Delicate Balance
The United States and the European Union have sealed a groundbreaking trade agreement, avoiding an imminent tariff escalation. President Donald Trump and European Commission President Ursula von der Leyen announced that the U.S. will impose a 15% tariff on most EU products, including automobiles, instead of the initially proposed 30%.
In exchange, the EU commits to a significant investment in the U.S. economy, with the purchase of $750 billion in energy and an additional injection of $600 billion.
While exemptions for products like aircraft and pharmaceuticals are celebrated, leaders such as German Chancellor Friedrich Merz and Irish Prime Minister Micheál Martin recognize that, although the agreement brings stability, the new tariffs will make trade more expensive. This pact redefines a trade relationship that exceeded $1.97 trillion in 2024.
