this post was submitted on 28 Jul 2025
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Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force

The US-EU trade deal, clinched in a ballroom at Donald Trump’s golf resort in Scotland on Sunday, has been criticised by France’s prime minister and business leaders across Germany.

The deal, which will impose 15% tariffs on almost all European exports to the US including cars, ends the threat of a punitive 30% import duties being imposed on Trump’s 1 August deadline for a deal, but it is a world apart from the zero-zero import and export tariff the EU offered initially.

It also means European exporters to the US will face more then triple the average 4.8% tariff now in force, with negotiations to continue on steel, which is still facing a 50% tariff, aviation, and a question mark over future barriers to pharmaceutical exports.

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[–] Showroom7561@lemmy.ca 36 points 5 days ago (1 children)

Merz hailed the deal, which was clinched in a ballroom at Trump’s golf resort in Scotland, saying it avoided “needless escalation in transatlantic trade relations” and averted a potentially damaging trade war.

Nothing about this "deal" prevents Trump from being Trump.

EU caved, and that's a massive show of weakness.

[–] lost_faith@lemmy.ca 9 points 5 days ago

donald: I am altering the deal. Pray I do not alter it any further