this post was submitted on 27 Jul 2025
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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€“] 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