EU and US agree trade deal, with 15% tariffs for European exports to America

The United States and the European Union reached a commercial deal, as it ended a period of months between two major economic partners in the world.

After the integrated negotiations between President Donald Trump and European Commission President Ursula von der Lin in Scotland, the couple agreed to a US blanket tariff on all European Union goods by 15 %. This is half of the 30 % import tax rate that Trump threatened to implement from Friday.

Trump said that the 27 -member bloc will open its markets to the US exporters with zero percent definitions to certain products.

Von der Leyen praised the deal, saying that it would bring stability to both allies, who together represent nearly a third of world trade.

Trump threatened customs duties against the main American commercial partners in an attempt to rearrange the global economy and trim the American trade deficit.

In addition to the European Union, he also concluded customs tariffs with the United Kingdom, Japan, Indonesia and Vietnam, although he did not achieve its goal of “90 deals in 90 days.”

The Sunday deal was announced after special talks between Trump and the Phoengers of Deir Lin at the TURNBERRY Golf Stadium in southern Airesheire.

“We have reached a deal. It is a good deal for everyone,” Trump – who is on a five -day visit to Scotland – said after a short meeting with the European Commission President.

“We will bring us closer to us,” he added.

Von der Lin also praised that he was a “huge deal”, after “difficult negotiations.”

Under the agreement, Trump said that the European Union will enhance its investments in the United States by 600 billion dollars (446 billion pounds), buying hundreds of billions of US military equipment and spending $ 750 billion on energy.

Von der Lin said that this investment in American natural gas for natural fuel, oil and nuclear fuel will help reduce European dependence on Russian energy sources.

“I would like to thank President Trump personally for his personal commitment and leadership to achieve this achievement,” she said.

“He is a difficult negotiator, but he is also a deals maker.”

The US President also said that a 50 % tariff implemented it on steel and aluminum in the world will remain in place.

The two sides can draw this agreement as something of victory.

For the European Union, the definitions could have been worse: they are not as good as a 10 % tariff rate in the United Kingdom, however It is the same rate of 15 % that Japan negotiated.

For the United States, it is equivalent to expectations of approximately $ 90 billion of customs tariff revenues in government treasures – based on trade numbers last year, in addition to that there are hundreds of billions of dollars in investment that have now been reached in the United States.

The total trade in goods between the European Union and the United States reached about 975.9 billion dollars last year. Last year, the United States imported about $ 606 billion of goods from the European Union and was exported about 370 billion dollars.

This defect, or commercial deficit, is a attached point for Trump. He says trade relations like this means that the United States “loses.”

If he has followed the tariff against Europe, import taxes will be imposed on Spanish drug products to Italian leather, German electronics and French cheese.

The European Union had said that it was ready to take revenge on the customs tariff for American goods, including auto parts, Boeing and beef aircraft.

British Prime Minister Kiir Starmer plans to make him with Trump in Turnberry on Monday.

Trump will be in Aberdeen on Tuesday, where his family has another golf stadium and opens the third month next month.

The president and his sons are planning to help cut the tape on the new corridor.