28 Jul 2025
➡️ The trade deal will include 0% tariffs, the EU buying $750B of US energy, and reduced automotive tariffs to 15% with an understanding that the EU will purchase more US vehicles.
➡️ The US and EU have struck a tariff deal that will avert a transatlantic trade war between the two sides but still impose American tariffs of 15 per cent on most imports from the bloc.
➡️ As part of the deal the EU has also agreed to spend hundreds of billions of dollars on additional US energy products and weapons, in exchange for the broad 15 per cent levy that covers many European exports including cars.
➡️ The agreement was struck following a meeting on Sunday between US President Donald Trump and European Commission president Ursula von der Leyen at his Turnberry golf resort in Scotland.
🎯 The deal marks a victory for Trump, who has spent months forcing America’s trading partners into bruising negotiations by threatening steep tariffs, although the terms are in line with what Brussels had told EU member states to prepare for.
“This is probably the biggest deal ever reached in any capacity, trade or beyond trade,” Trump said as he announced the agreement. “Today’s deal creates certainty in uncertain times . . . for citizens and businesses on both sides of the Atlantic,” von der Leyen said, adding that the 15 per cent US tariff would apply to European cars, pharmaceuticals and semiconductors — important products for Brussels.
👍 Japan done, EU done, China closer to getting done with another 90 day tariff pause…
If we can get Canada, Mexico, Australia & South Korea soon…
🚀 bullish
Source: FT
