What’s in the EU-US trade deal?

“We are agreeing that the tariff straight across, for automobiles and everything else, will be a straight across tariff of 15%,” according to Trump.

Currently, most EU goods face a 10% tariff, with levies of 50% on steel and aluminum. Cars and car parts are now taxed at 25%.

Trump also said the bloc had agreed to purchase “$750 billion (€638 billion) worth of energy” from his country, as well as $600 billion more in additional investments.

The president told reporters at the start of the meeting that fairness was the main remaining sticking point.

“Europe is very closed. We don’t sell cars into Europe. We don’t sell essentially agriculture of any great degree,” he said, adding that pharmaceuticals “won’t be part of” any agreement.

  • Taalnazi@lemmy.world
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    2 days ago

    Fuck those pickups, they’re hilariously oversized and the job can easily be done with a trailer. Plus those big cars consume way more energy, being way more expensive than worth. Even with leases and all that, it ain’t worth.

    • starlinguk@lemmy.world
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      4 hours ago

      My neighbour has one. He barely uses it because it’s doesn’t fit on the average Black Forest road.

      • Taalnazi@lemmy.world
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        3 hours ago

        Why’d he even gotten one? It slurps energy and takes space, and isn’t more comfortable. Plus you can do the same with a trailer, which can be removed.