Okay, this is a very big win.&nbsp; EU Commission President Ursula von der Leyen outlines some more details of the U.S-EU trade agreement.&nbsp; The parameters fall similar to the Japanese deal, without the banking aspect.

The EU will face (and accept) a 15% tariff rate for most exports to the USA including autos, that’s huge, even with some zero-for-zero tariff sectors outlined.&nbsp; The primary motivating factor was to avoid the 35% tariff rate scheduled for August 1st and provide the EU corporations with certainty in their tariff rate as applied by the USA (15%).&nbsp; WATCH:

The Marshall Plan is OVER! Okay, this is a very big win.  EU Commission President Ursula von der Leyen outlines some more details of the U.S-EU trade agreement.  The parameters fall similar to the Japanese deal, without the banking aspect. The EU will face (and accept) a 15% tariff rate for most exports to the […]{ai:summary}The EU has agreed to a new trade deal with the U.S., accepting a 15% tariff on most exports, including automobiles, to avoid a higher 35% tariff set for August. This agreement mirrors aspects of the Japanese deal but lacks a banking component, providing EU companies with tariff certainty. This move is seen as a significant concession to former President Trump’s trade policies. #politics

The Marshall Plan is Over - EU Commission President Ursula von der Leyen Announces Details of U.S-EU Trade Agreement - The Last Refuge

Loading...