Ursula von der Leyen, #TRUMP Finalise $1.3 Trillion US-EU Trade Deal: 10 Key Points On Tariffs, Energy, Defence ๐บ๐ธ๐ช๐บ
๐ 1) Tariffs Cut to 15%
The US and EU have agreed to reduce tariffs on EU imports from 30% to 15%, preventing a potential trade war and safeguarding $600 billion in annual transatlantic trade. ๐ฅ
๐ค 2) Joint Announcement by Trump & von der Leyen
President Trump and EU Commission President Ursula von der Leyen jointly revealed the deal, with Trump calling it "satisfactory," and von der Leyen praising it as a "stabilizing force." ๐
โก 3) $750 Billion Energy Deal
The EU will purchase $750 billion in American energy, further cementing US-EU ties. ๐ข๏ธ๐ก
๐ธ 4) $600 Billion EU Investment in the US
The EU will invest $600 billion in the US economy, though specific sectors and timelines remain unclear. ๐๏ธ
๐ก๏ธ 5) European Defence Purchases from the US
Europe will procure a significant amount of military equipment from US firms, marking a shift from EU's usual preference for domestic systems. โ๏ธ
๐ฅ 6) 50% Steel Tariff Still in Place
Although most tariffs were slashed, 50% tariffs on steel imports from Europe remain, reflecting Trumpโs protectionist stance. ๐ ๏ธ
โ๏ธ 7) EUโs Retaliatory Tariffs Shelved
Brussels had prepared a $100 billion retaliation list targeting US goods like Boeing planes and bourbon, but it was withdrawn after the agreement. ๐ซ๐
๐ 8) Supply Chain Disruption Avoided
The deal prevents chaos in vital sectors like pharmaceuticals, aviation, and automotive, ensuring smooth supply chains across the Atlantic. ๐๐โ๏ธ
โ ๏ธ 9) Pharma & Semiconductor Risks Remain
Despite the agreement, Trump hasnโt ruled out 200% tariffs on pharmaceutical imports (notably from Ireland), and semiconductor tariffs are still under consideration. ๐๐ง
๐ 10) Auto Industry Concerns
German automakers are still uncertain about future tariff volatility, with Bremerhaven port at the center of trade concerns. ๐๐ธ
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