this post was submitted on 27 Jul 2025
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US and EU reach trade deal to avoid tariffs (www.dw.com)
submitted 5 days ago by nuko147@lemmy.world to c/buyeuropean@feddit.uk
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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 (โ‚ฌ638 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.

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[โ€“] ExLisper@lemmy.curiana.net 2 points 4 days ago (1 children)

10 year ago I saw Germany as the most pragmatic state in EU. Professional and with a clear plan for everything. Today I see them as the most corrupt and incompetent or outright malicious member. It's like everything they did was to weaken EU: make it energy dependent on Russia, security depended on US, run their economy into a dead end (pushing ICE cars way to long and ignoring competition from China) all while laughing at everyone pointing it out to them. It's also the main supporter of genocide inside EU. Fucking wankers.

[โ€“] xiwi@lemmy.dbzer0.com 2 points 4 days ago (1 children)

I'm sorry but they always were a bunch of corrupt sneaky assholes, just look at 2008. German unification was a mistake, they should go back to be a 100 warring baronies so the rest of us can live in peace.

[โ€“] ExLisper@lemmy.curiana.net 2 points 4 days ago (1 children)

Yeah, I'm saying that I was really naive 10 years ago.

[โ€“] xiwi@lemmy.dbzer0.com 2 points 4 days ago

Me too brother.

Anyway, a really nice critic of EU monetary policy is Mark Blyth, especially his book "Austerity: The History of a Dangerous Idea" is very good and approachable