UโUS Trade Pact Reached Tariff War Averted!
Just before the August 1 deadline, Washington and Brussels struck a major trade deal.
๐น Zero-for-zero tariffs on select goods like aircraft parts, semiconductors & generics
๐น 15% max tariff cap half of Trumpโs threatened 30%
๐น EU pledges:
โโโข $750B US energy purchases
โโโข $600B in private US investments
โโโข Hundreds of billions in US military equipment buys
But steel & aluminum tariffs (50%) stay untouched.
While markets breathe a sigh of relief, some EU sectors (like autos) still feel pressure.
๐ Ratification pending.
Global trade just pivoted and the real impact is just beginning.