In a surprising trade twist, U.S. President Donald Trump and European Commission President Ursula von der Leyen sealed a deal that sets a baseline 15% tariff on EU goods—even as key American exports enjoy zero tariffs. Announced during a joint press briefing at the Trump Turnberry in South Ayrshire, Scotland, the move is aimed at restoring a more balanced trade relationship.
The agreement promises to boost U.S. carmakers and agricultural exports, while the EU commits to purchasing $750 billion in American energy and pledges an extra $600 billion in investments. However, criticism is already mounting. Bernd Lange, chair of the European Parliament's Committee on International Trade, slammed the deal as "unsatisfactory" and "significantly imbalanced," warning it could threaten EU economic stability and job security.
With debates heating up over whether this tariff twist is fair or a risky leap into economic imbalance, the trade world is watching closely. Stay tuned as this dynamic story unfolds! 🚀
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U.S., EU seal trade deal amid concerns over tariff imbalance
cgtn.com
