πΊπΈπ€πͺπΊ Trump Strikes Major Trade Deal With EU β Avoids 30% Tariffs
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Just days before new tariffs were set to take effect, U.S. President Donald Trump announced a breakthrough trade deal with the European Union β a move that could unlock hundreds of billions in investment and reshape transatlantic commerce.
Whatβs the deal?
According to CNN and Bloomberg:The EU has agreed to: Buy $750 billion worth of U.S. energy Invest $600 billion into the American economy Purchase a large amount of U.S. military equipment Open up markets to U.S. goods at zero tariffs
What was at stake?
Trump had previously threatened to slap 30% tariffs on EU imports starting August 1, 2025, including cars and other key goods. That plan now appears to be off the table.Instead, a new 15% tariff will apply to most EU imports under the agreement, but key sectors will benefit from duty-free access.
Why it matters:
EU Commission President Ursula von der Leyen said the agreement βbrings stability and predictabilityβ β a sigh of relief for industries on both sides of the Atlantic. In 2024, the U.S. imported $605 billion in goods from the EU.For those in trade, finance, energy, or defense β this deal could mean new opportunities, fewer barriers, and a whole lot of capital flow.
Global economics just made a sharp turn β and it looks like Europe and the U.S. are back in business.
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