Ursula von der Leyen, Donald Trump
The United States and the European Union arrived on Sunday to a comprehensive trade agreement, establishing a 15% rate in most products – a deal that avoids a transatlantic trade war that could shake global markets.
The announcement came after a private meeting on Sunday among the US President, Donald Trumpand the president of the European Commission, Ursula von der Leyen, Which took place this Sunday at Trnberry’s Tryberry Golf Resort in Scotland.
The agreement arises a few days before of the date marked by Trump to enter into force 30% rates to EU imports.
“It was a very interesting negotiation. I think it will be Great for both parties“Donald Trump told reporters, who added that this was“ a good deal for everyone… a gigantic agreement with many countries“.
Also Von der Leyen greeted the dealsaying that it would bring “stability and predictability, which is very important to our companies on both sides of the Atlantic.”
According to the agency, Trump stated that the EU committed to buying about 700 billion euros in energy American, increasing investment in the United States by another 560 billion euros and making a large order of military equipment.
Both leaders confirmed that the 15% agreed rate will be applied generalized to cars and other products.
“We got the opening of all European countries“Said Trump. Von der Leyen agreed, noting that the rate of 15% was“ transverse and totally comprehensive ”and that The European market was now effectively opened.
The conversations took place after Months of tensions with Trumpwhich has been accuses the EU of unfair business practices.
Von der Leyen referred to combined economic power of the two powersdescribing its commercial volume as the largest in the world, covering “hundreds of millions of people and billion of euros.”
Earlier this month, Negotiations seemed about to collapse When Trump threatened advance with the 30% rate If the EU did not accept the terms of 15% that had Recently agreed with Japan. When they asked him if he would accept something lower, Trump answered categorically: “No”.
The agreement, with which it considers it that Europe succumbed to the Donald Trump compressor roll, it corresponds to a increase of more than 900% In view of the average rate of 1.47% that was charged to most European products before Donald Trump’s return to the White House, the.
If an agreement had not been reached, Brussels had prepared a long list of retaliation tariffs, which aimed at all types of productsfrom meat and beer to Boeing planes and automotive pieces.
According to the German chancellor, Friedrich Merzthe US-UE agreement was a positive step that helped avoid a trade war and a serious blow to the automotive sector.
“This agreement managed to avoid a commercial conflict That would have tough the export-oriented German economy, ”he said in a statement.“ This applies especially to the automotive industry, where current 27.5% tariffs will be reduced almost to half, being 15%. ”
