THE GUARDIAN: Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force
The US-EU trade deal, clinched in a ballroom at Donald Trump’s golf resort in Scotland on Sunday, has been criticised by France’s prime minister and business leaders across Germany.
The deal, which will impose 15% tariffs on almost all European exports to the US including cars, ends the threat of a punitive 30% import duties being imposed on Trump’s 1 August deadline for a deal, but it is a world apart from the zero-zero import and export tariff the EU offered initially.
It also means European exporters to the US will face more then triple the average 4.8% tariff now in force, with negotiations to continue on steel, which is still facing a 50% tariff, aviation, and a question mark over future barriers to pharmaceutical exports. » | Lisa O’Carroll in Brussels | Monday, July 28, 2025
EU-US tariffs: five key takeaways from the trade deal: Donald Trump and Ursula von der Leyen announced a deal on Sunday, but questions remain over what the finished picture will be »
THE NEW YORK TIMES: For Trump, E.U. Trade Deal was Badly Needed: After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one. »
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label US-EU trade deal. Show all posts
Showing posts with label US-EU trade deal. Show all posts
July 28, 2025
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