President Donald Trump introduced Sunday that the United States and the European Union reached a framework for a commerce deal, after talks with European Commission President Ursula von der Leyen in Turnberry, Scotland.
Trump introduced a 15% across-the-board levy on imports from the 27-nation European Union, ending a monthslong saga with America’s largest buying and selling companion because the EU sought to maintain baseline tariffs at 10%.
“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,” Trump stated.
Speaking alongside von der Leyen, the president stated the EU “is going to agree to purchase from the United States $750 billion worth of energy. They are going to agree to invest into the United States $600 billion more than they’re investing already.”
“All of the countries will be opened up to trade with the United States at zero tariffs, and they’re agreeing to purchase a vast amount of military equipment,” Trump added.
Trump stated the settlement with the European Union “is the biggest deal ever made.” #CNN #News
