The deal includes $600bn (£446bn) of EU investments in the US, and the bloc will buy $750bn (£558bn) of US energy and also purchase American military equipment.
Mr Trump said: “I think it’s great that we made a deal today instead of playing games and maybe not making a deal at all.”
He said: “We are agreeing that the tariff… for automobiles and everything else will be a straight across tariff of 15%.” However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would stay in place.
How long before the EU stops complaining about the Chinese EV boom just to spite trump? I mean christ that one is at least extremely transparent… god this guy is an idiot.
Our leaders are spineless… The US says jump and we jump it’s pathetic. I really wish the people of Europe organized more and put up stronger resistance because our leaders will not do shit.
That would certainly help both sides of the Atlantic. We need to hurt for anything to change on our side.
It’s not just ideological or lack of authority, EU economy is deeply intertwined with US’s one: if your main ally turns his back on you, you’re in deep shit no matter what you do. I agree that harder times could be beneficial (other comment to yours), but try to survive Trumps legislation could also work. In my view, it’s the decades before this that prepared the field for trouble: both with Russia and USA, Europe has made itself too dependent on foreign countries (for energy and defense, core matters with regards to be strong on an international field)
“deeply intertwined” is a nice way of saying “owned by”
I think this is excessive, the concept of ownership is on another level. But I get what you mean.
The usa effectively controls our subcontinents economy via energy. We are all but outright forbidden to buy from other nations such as russia, see e.g. nordstream 2. They who can destroy a thing own that thing.
Europe has a pretty sizable car industry, that’s why they’re concerned about Chinese EV’s.