Trump announces agreement with European Union, with 15%fees: ‘the largest ever done’

Ursula von der Leyen and Donald Trump close 15% tariff agreement in Scotland Evelyn Hockstein/Reuters, US President Donald Trump has announced that he has signed a trade agreement with the European Union and will charge 15% of tariffs on exports made by the European bloc, and no more 30% as he had announced, after his meeting with the chairman of the committee. European, Ursula von der Leyen, this Sunday (27). In joint conversation with journalists after the meeting, which took place in Scotland, the two gave some details of what was discussed. The US president said the EU will make an investment of $ 600 billion in the US, being $ 150 billion in energy, as well as a part of military equipment. “The agreement with the European Union is the largest ever done,” celebrated Trump. The president of the European Commission stressed that the agreement is valid for all sectors, and that it will help rebalance trade between the two countries: “will bring stability.” European Commissioner says that 30% rate makes it impossible for trade with European Union to be validated by the 27 European Union States, and its representatives have a meeting scheduled for this Sunday. According to information from France Press news agency, the US and the European Union business relationship reaches $ 1.9 trillion annually – the equivalent of R $ 10.5 trillion – in goods and services. Before the meeting, Trump and von der Leyen said there was “50% chance” of an agreement between the two parts. Among the discord points, the US president cited barriers to US car exports and agricultural products, and stated that the European market is “very closed.” Von der Leyen assured that any agreement would be based on “in a rebalancing” and described the US president as a “hard negotiator.” Trump’s secretary says US tariffs will take effect on August 1 other countries before the meeting, Trump said the US is close to an agreement with China. According to the Chinese newspaper “South China Morning Post”, the two countries are expected to extend their tariff truce for another 90 days. The US President also confirmed a statement given earlier by the United States Secretary of Commerce, Howard Lutnick, and ensured that the fares that have not yet been negotiated will be effective on August 1. Trump’s secretary stated that there will be no “extensions”: “Without further grace periods – on August 1, the rates will be defined. They will come into force. Customs will begin to raise the money,” he said.

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