Sunday, July 27, 2025

US and EU Reach Trade Deal to Avoid Tariffs

EU chief Ursula von der Leyen has managed to negotiate a 15% US tariff.

Posted by lamplighter at 10:30 PM | 13 COMMENTS | permalink

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We have deal Together, the EU and the US are a market of 800 million people.   And nearly 44 percent of global GDP. It's the biggest trade deal ever europa.eu/!gRXhqQ

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-- Ursula von der Leyen (@vonderleyen.ec.europa.eu) Jul 27, 2025 at 3:39 PM

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More from the article...

... The United States and the European Union on Sunday reached a trade deal, ending a months-long transatlantic trade standoff.

"We have reached a deal. It's a good deal for everybody," US President Donald Trump told reporters after talks with the European Commission President Ursula von der Leyen in Scotland.

Ahead of the crunch talks, Trump gave "a good 50-50 chance" on Friday for a deal with the European Union to be reached. Brussels was seeking to finalize a trade agreement with Washington before the August 1 deadline.

The trade pact means the bloc would avoid the 30% tariffs that Trump has threatened on all goods from the EU.

Most EU goods already face a 10% tariff, with levies of 25% on cars and car parts and 50% on steel and aluminum. ...


#1 | Posted by LampLighter at 2025-07-27 02:04 PM

TACO Tuesday came early.

#2 | Posted by snoofy at 2025-07-27 02:05 PM

Taco Macho crunched by Senorita!

#3 | Posted by Corky at 2025-07-27 03:01 PM

Some details ...

EU-US trade deal: European leaders back plan after tensions
www.dw.com

... Germany's Friedrich Merz welcomes US-EU trade pact, saying it avoids "needless escalation in transatlantic trade relations." While specifics are yet to be disclosed, deal marks a pivotal moment following tensions. ...

#4 | Posted by LampLighter at 2025-07-27 10:17 PM

@#4 ... While specifics are yet to be disclosed ...

Yeah, that seems to be a trademark of all these trade deals of late.

Lots of PR and promotion, but few details of the actual agreement.

Why?

#5 | Posted by LampLighter at 2025-07-27 10:19 PM

While specifics are yet to be disclosed
- gaslighter

Allow me to go into some details. We have stabilised on a single 15% tariff rate for the vast majority of EU exports. This rate applies across most sectors, including cars, semiconductors and pharmaceuticals. This 15% is a clear ceiling. No stacking. All-inclusive. So it gives much-needed clarity for our citizens and businesses. This is absolutely crucial.
-FTA

My guess is you idiots complaining about things never both to read your own articles.

#6 | Posted by oneironaut at 2025-07-27 11:16 PM

@#6 .... Allow me to go into some details. ...

Details, or an overview?

...We have stabilised on a single 15% tariff rate for the vast majority of EU exports. ...

What does "vast majority" mean? Be specific.

... This rate applies across most sectors ...

What sectors does it apply to, and what sectors does it not apply to? Be specific.

... All-inclusive. ...

That's not what your current alias' comment seems to assertwhen is says "vast majority" and "most sectors."


#7 | Posted by LampLighter at 2025-07-27 11:39 PM

There's an agreement in principle. Nothing signed and final. Could easily go loco TACO.

#8 | Posted by AMERICANUNITY at 2025-07-27 11:58 PM

@#8 ... There's an agreement in principle. Nothing signed and final. ...

That's what I see at this point also.


#9 | Posted by LampLighter at 2025-07-28 12:20 AM

Then there's this ...

Trump, EU's Von Der Leyen Cite Conflicting Details on Trade Deal
finance.yahoo.com

... President Donald Trump and European Commission President Ursula von der Leyen appear to differ on some key details in their new trade agreement, underscoring the difficulty they may have in turning this deal into a reality. ...

#10 | Posted by LampLighter at 2025-07-28 12:22 AM

@#10

Yeah, that's why I have asked for details.

#11 | Posted by LampLighter at 2025-07-28 12:23 AM

@#10 ... Trump, EU's Von Der Leyen Cite Conflicting Details on Trade Deal ...

That does not seem to be limited to the EU ...

US, Japan differ on details of tariff deal, with no clear start date
asia.nikkei.com

So, Pres trump's pronouncements of "deals" seem to be more PR-oriented than based in reality?


#12 | Posted by LampLighter at 2025-07-28 12:47 AM

Great, so taxes went up from about 2% on average to 15%.

Congratulation on raising our taxes, Republicans.

#13 | Posted by snoofy at 2025-07-28 01:49 AM

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