Trump Scores Major Win with EU Trade Deal
“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,” Trump said.
President Donald Trump declared victory Sunday after the United States and the European Union struck a high-stakes trade agreement just days before the Aug. 1 tariff deadline. Framed by tense negotiations and the looming threat of a full-blown trade war, the deal is being hailed as a bold achievement for Trump, and a strategic move that forces Europe to play fair.
“It’s a very powerful deal, it’s a very big deal, it’s the biggest of all the deals,” Trump said Sunday alongside von der Leyen.
The agreement imposes a flat 15% tariff on most European imports to the U.S., including automobiles—significantly lower than the 30% Trump had previously threatened, but still far tougher than the 10% baseline the EU hoped for. In return, the EU will buy $750 billion in American energy and invest an additional $600 billion into the U.S. economy.
“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,” Trump said.
This marks a clear departure from past U.S.-EU economic relations, which Trump characterized as imbalanced and unfair. European Commission President Ursula von der Leyen acknowledged as much in a candid exchange.
“It is about rebalancing,” von der Leyen said as she sat next to Trump. “You can call it fairness, you can call it rebalancing. We have a surplus and the United States has a deficit, and we have to rebalance it.”
The White House’s approach, ratcheting up pressure while keeping the door open for negotiations, appears to have paid off. European leaders, once preparing counter-tariffs and even the threat of invoking a “trade bazooka,” are now touting the deal’s stability and relief.
“With the agreement in the EU-US negotiations on tariffs a trade conflict, which would have hit the export-oriented German economy hard, has been avoided,” he said in a statement.
Beyond just numbers, this is a political win. Trump delivered a deal that boosts American energy, arms, and agricultural exports while forcing Europe to the table, on his terms.
“It’s a good deal, it’s a huge deal, with tough negotiations,” von der Leyen said after the meeting.
For Trump, this isn’t just a trade agreement. It’s a message to allies and adversaries alike: negotiate, or pay the tariff.
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Comments
I wonder if the EU negotiators read “The Art of a Deal?” They finally realized that Trump will not back down.
Probably more likely they realised they had to lose than America did in any trade war 🤔
“It’s a very powerful deal, it’s a very big deal, it’s the biggest of all the deals,” Trump said”
I continue to be amused as to how every announcement Trump makes is of infomercial quality. I keep expecting him to continue, “But wait! There’s more!”
There is. The EU is now making itself far more dependent upon US Energy exports swapping dependency on Russia. Long term that makes them the ‘gimp’ held in the box of energy dependency.
This deal doesn’t make them the gimp” – their internal energy policies do.
Trump isn’t forcing them to depend on FF imports, their adherence to Green Ideology without considering any other practical solutions is.
As long as their population needing heat in winter and A/C in summer (360,000 heat and cold related deaths according to some estimates) are dying as “collateral damage” of the “War on CO2”.
In contrast total deaths from the Russia/Ukraine war is estimated at perhaps 350,000.
Given that the (blood?) money to finance Russia’s war is coming from their sales of FF energy to the EU I blame Green Ideology for those deaths as well.
Ok how about the foolish EU commitment to ‘green energy’ makes them masochistic and the EU new trade deal has made Uncle Sam their new Dom instead of Russia? Either way the USA has the EU gimp in a box.
I like to believe we are not the baddies.
That is I don’t foresee any scenario in which we threaten to (passively) kill EU civilians by freezing them to death in winter like the Russians did to dissuade the EU nations from more direct intervention in Ukraine’s defense.
The broad principle of placing the direct interests of the USA (which I define as improving life for the broad middle-class the 70% between top/bottom 15%) as the highest priority doesn’t make us the baddies. Leverage is leverage. Could be economic, military or what you seem to allude to as ‘soft power/morality’.
Using the levers of US power to advance the interests of the USA is completely rational and IMO a necessary prerequisite for holding political power. For far too long we’ve allowed the neocons/globalists to fritter away the taxpayer $ and the lives, economic health of the USA for highly dubious adventures abroad.
TLDR – ‘You play ball with the USA or you get the bat stuck up where the sun don’t shine’.
The vast majority of those excess deaths are in winter where cold weather is far more dangerous than heat.
Yup, about 90%. But according to GCC activists they predict that number to triple – OC this a “prediction” by GCC activists so… TTFWIW.
If you can’t afford your utility bill to survive either freezing or sweltering temps – because Green Ideology is Uber Alles – does it really matter which method of “population control” your Elites have foisted on you?
The important (both Green and Financial) Thing – to the Elites – is that both the CO2 footprint is smaller and there are less elderly left to require pensions and free end-of-life health care – the most expensive kind of HC.
you have no idea how the game works
trumps loudness is pro maga >>yeah,,pro trump
the lefty is anti capitalism anti maga
It is a win all around, except for the Russians. Europe is no longer dependent on Russian oil while they play their silly [Save The] Reindeer net-zero games. The American energy companies get a reliable (pays their bills) customer.
As stated elsewhere, the trade agreements with the EU date back to the Marshall Plan days where the U.S. wanted to help rebuild the broken economies of Germany, France, Italy et al to keep them out of the Soviet umbrella. Well, that worry has been over “for some time.”
French exports to the U.S. in 2024 totaled $53B.
https://tradingeconomics.com/france/exports/united-states
How much is that? Well, Americans spent $157B on their pets last year.
https://capitaloneshopping.com/research/pet-spending-statistics/
Trump rhetoric is the best. The real deal. No one will ever top Trump’s big, beautiful rhetoric.
And he’ll be the first to tell you that. 😉
the msm rinos sure wont
Between this and the Japan deal, I’m surprised the markets haven’t been more bullish.
Though it’s earnings season and the options for Microsoft are over the moon. Market is expecting a big bump.
probably waiting on the fed decision coming up
but he shouldnt have appeased them with his stopping israel from ending the war