US-EU tariff deal a big Trump win but not a total defeat for Brussels

After weeks of tense negotiations between senior trade officials, the European Union and the United States recently concluded a framework – and the latest round of tariff talks in America with China.

In the end, it took Washington and Brussels leaders to sit face to reach the Sunday agreement.

This is something we also saw with other deals concluded by President Donald Trump – his personal involvement is what led them to the line – even when the horizons of penetration do not seem bright.

This is important for both sides because many companies and jobs depend on what the European Union calls “the largest trade relationship and bilateral investment in the world.”

The Trump administration celebrates this as a big victory and in many ways. But it is also not a complete defeat for the President of the European Commission, Ursula von der Lin.

“The entire European press sings the president’s praise at the present time, amazed by the deal negotiated on behalf of the Americans,” “A post on the social networking site X.

He added: “Tomorrow, the American media will manage the headlines such as” Donald Trump only got 99.9 percent of what he requested. “

Condolences is that the European Union is now facing a 15 % American tariff, instead of 30 % threatened.

But it is still a great climb because the rate is much higher than it was before the liberation day called Trump in April and not as good as the UK rate of 10 %.

Brussels can indicate the fact that the low rate applies to many major European exports, including medications and semi -conductors.

This also means that the European Union car makers will face an import tax in the United States by 15 %, rather than the 25 % global tariff that was brought in the beginning of April.

Trump said that the European Union “opens their country when a zero tariff” of American exports.

Steel and aluminum in the European Union will also continue facing a 50 % tariff when selling in the United States.

The bloc spent weeks in an attempt to present itself as a difficult negotiator because it prepared the revenge definitions and warned that it might follow it.

The measures threatened with 100 billion euros (117.6 billion dollars; 87.5 billion pounds) of American goods sold in the European Union.

In May, a list of 217 pages was published to be targeted. It included everything from livestock to the parts of the planes and whiskey.

But going to the talks faced Brussels with great challenges in its position on bargaining.

The timing is far from the ideal risk of a trade war with the largest economy in the world.

Economic growth in Europe was slow for some time, and only last week, the European Central Bank warned that “the environment is still exceptionally confirmed, especially because of commercial conflicts.”

This deal removes some uncertainty, and in the end, the European Commission, which is negotiating trade for the 27 members of the European Union, decided to deserve the price even if President Trump’s tariff is 15 % reduces the volume of trade because it makes its exports less competitive.

Europe also relies heavily on the United States for its security. At the back of the minds of the Brussels negotiating team would have been fears that Trump could stop weapons supplies to Ukraine, or withdraw the American army from the region or even leave NATO.

For Trump, you still feel glowing from A tariff last week dealt with JapanThe advertisement represents another great victory.

The deal also equals the expectations of approximately 90 billion dollars (67 billion pounds) of the customs tariff revenues of government reservoirs – based on trade numbers last year.

As part of the agreement, the European Union will also buy US energy products and weapons worth hundreds of billions of dollars.

Trump said that the European Union will enhance its investments in the United States by $ 600 billion, including US military equipment, and spend 750 billion dollars on energy.

The deal is sold as a prominent outfit in the relationships between Washington and Brussels.

It was not easy to reach this point.

both of them Hardball was played and was not ready to surrender easily, but none of the parties wanted these negotiations to continue until the deadline on August 1.

For years, the US president was against what he considers unfair commercial practices in Europe.

The first part of that is the deficit. Last year, this meant that the United States bought 236 billion dollars of goods from the European Union more than it was sold to the bloc.

Trump takes somewhat simplified view that this is the American wealth that unnecessarily leaving the country. The fact is that international trade is a more complex relationship.

The other complaint was that the strict regulations of the European Union on everything from cars to chicken make it difficult for American companies to sell their products in the European Union more than vice versa.

European Commission President Ursula von der Lin admitted the need to treat the deficit.

In announcing the agreement, she said: “We have to balance it. We have an excellent commercial relationship.

“It is a large size of our trade together. So we will make it more sustainable.”

This deal explains the seriousness of President Trump on re -negotiating how the United States, the world’s largest economy, cooperates with anyone else.

Given that the European Union consists of 27 countries completely different, it seemed that one of the most difficult commercial agreements to be withdrawn.

This comes days after the United States concluded another major agreement with Japan – there were also deals with the United Kingdom, Vietnam and Indonesia.

Other adults who are still on the table are with the three largest commercial partners of the United States – Mexico, Canada and China.

With the American president in a mood to conclude deals, there may be more positive news for the global economy over the next 48 hours.

For the third time in several months, the United States and China are holding trade talks in Stockholm, Sweden, on Monday and Tuesday.

Expectations are increasing that the high definitions can be suspended between the world’s largest economists for another 90 days.

A few days ago, Trump said the United States “is very well compatible with China,” and intended to overcome the main point of rare ground mineral exports.

With the outlines of the European Union Deal agreed, the Washington trade negotiators have a reinforced hand while talking to Beijing.

But China has so far followed a more huge approach than other American trading partners.

And if the talks stumbled between the two largest economies in the world, global trade still faces unrest in the coming months.