The United States and the European Union have reached trade transactions and have played a few months between the world’s largest economic partners.
After the negotiations between President Donald Trump and Ursula von Der Leyen, the European Commission of Ursula von Der Leyen, the pair settled in the US tariff for all EU products of 15 percent.
This is half of the 30%income tax rate that Trump threatens to implement it from Friday. He said that 27 blocks would open the market to US exporters with a tariff on certain products with 0 %.
Von Der Leyen also welcomed the contract and said it would bring stability to both allies, which account for almost one -third of the world’s trade.
Trump is wielding tariffs on major US trade partners in order to reorganize the world economy and cut the US trade deficit.
He struck a tariff agreement with the UK, Japan, Indonesia, the Philippines and Vietnam, as well as the EU, but did not achieve the goal of “90 deals in 90 days.”
The Sunday agreement was presented after a personal dialogue between Trump and von Der Lane in his turnberry golf course in Eisire.
Trump, who is visiting Scotland on the 5th, said, “We have reached a transaction. It’s a good deal for everyone.”
“This will gather us closer,” he added.
Von der liyen also welcomed it as “big deal” after “powerful negotiations.”
Trump said the EU would increase its investment in the United States, including US military equipment, and spend $ 75 billion in energy.
Von Der Leyen said the US investment in liquidity natural gas, oil and nuclear fuel will help to reduce European dependence on Russian development.
Some products do not attract tariffs including aircraft and airplane parts, certain chemicals and some agricultural products. A separate transaction for semiconductors can soon be announced.
“I would like to be thankful for his leadership for President Trump personally devoted and achieving this breakthrough.”
“He is a tough negotiator, but he is also a trading producer.”
The US president also said that 50%of tariffs on steel and aluminum will be maintained worldwide.
Both sides can draw this contract with victory.
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In the United States, about $ 900 billion in tariffs on government safes last year, based on last year’s trade levels, and hundreds of millions of dollars in the US.
As we know about this deal so far, there is nothing that can be more easily opened for US imports such as American cars and agricultural products.
Nevertheless, this deal has many advantages of the United States. It is not clear what the EU gets.
It is noteworthy that Von der liyen talked about “restructuring” the transaction relationship.
Previously, the EU claimed that the relationship was not balanced by purchasing much more services than the EU sold in the United States.
Von der Leyen sounded like Trump’s language intentionally speaking to seal the contract.
One thing is clearly, the president of the United States celebrates after starting the largest trade transaction in history.
Product trading between the EU and the United States was a total of $ 99 billion last year. The United States imported about $ 600 billion from the EU and exported about $ 370 billion in 2024.
The imbalance or trade deficit is Trump’s stubborn point. He says this trade relationship means that the United States means “lost.”
If he had suffered tariffs on Europe, he would have been imposed in Spanish pharmaceuticals from Spanish pharmaceuticals to Italy leather, German electronics and French cheese.
The EU said it is ready to retaliate with tariffs on US products, including auto parts, Boeing airplanes and beef.
European leaders have carefully welcomed the contract.
Ireland Prime Minister Taoiseak Micheál Martin pointed out that the tariffs are still higher than before, so trade pointed out that trade is “expensive and challenging.”
Among the EU countries, Ireland is the most export market.
Germany, Friedrich Merz, told X that “this transaction has succeeded in avoiding trade conflicts that struck Germany’s export -oriented economy.”
“Stable and predictable trade relationships with market approach benefit everyone on both sides of the Atlantic, Business and consumers.”
Italian Prime Minister Giorgia Meloni welcomed the contract, but should see the details, according to the Italian ANSA News Agency.
British Prime Minister Keir Starmer is planning a meeting with Trump on Monday Turnberry.
The president of the United States is scheduled to be in Aberdin on Tuesday, and his family has another golf course and takes third place next month.
The president and his sons plan to cut the ribbon of the new fairway.
