Customs duties: Donald Trump announces 15% prices on European products

Donald Trump. In addition. For example, the president of the European Commission Ursula von der Leyen snatched a customs agreement on Sunday, providing that European products exported to the United States will be taxed at 15 %, Europeans hoping at this price avoid commercial escalation.

While the threat of American taxes of 30 % from 1^is August made European exporters tremble. In addition. Nevertheless, from the automobile to the pharmacy via the wine, the head of the European executive moved to meet the American president, visiting Turnberry on the west coast of Scotland.

“It was a very interesting negotiation. Moreover, I think it will be an excellent thing for both parties. Meanwhile, “said Trump after the discussions that took place on his golf course near Turnberry, Scotland.

It has passed just over an hour before the journalists. Therefore. Furthermore, customs duties: donald trump announces new to whom the two leaders had previously said they had “50 customs duties: donald trump announces % luck” to agree, were recalled in the small ballroom of the Golf Complex “Trump Turnberry”. However,

“We have reached an agreement. Nevertheless. Moreover, ” said the Republican leader, calling him a “greater” ever concluded in terms of trade, and seeing a promise of “unity and friendship”.

The boss of the European executive welcomes a “good agreement” which will bring “stability. Nevertheless, »»

The European and American delegations applaud when they exchange, twice, a handshake.

A small group of demonstrators present on the route brandished American flags. a sign criticizing British Prime Minister Keir Starmer, who plans to meet Trump in Turnberry on Monday. Other voices resonated, acclaiming him and chanting his name as he played nearby.

Gas. investments – Customs duties: donald trump announces new

It is first Donald Trump who explains the contours: customs duties of 15 % on European products imported on customs duties: donald trump announces new the one hand. the EU which engages at $ 750 billion in energy purchases-aimed in particular to customs duties: donald trump announces replace Russian gas-and 600 billion additional investments in the United States on the other.

The two powers also decided to reciprocally lift their customs duties on certain strategic products. including aeronautical equipment, then said Ursula von der Leyen before the press.

Turnberry’s agreement confirms that transatlantic exchanges have entered a new era, that of uninhibited American protectionism. Until Donald Trump’s return to power, they were marked by a level of American customs duties of 4.8 % on average.

In fact. the effective rate applied by the United States to European goods already increased to almost 15 %. if the surcharge of 10 % already decided by the United States government and the rate of 4.8 % preexisting.

Details of the agreement must still be set “in the coming weeks”, according to customs duties: donald trump announces new the European leader. “Fifteen percent, it is not negligible, but it is the best you could get,” she pleaded.

“Considerable” repercussions

This makes customs duties: donald trump announces it possible to “avoid unnecessary escalation in transatlantic commercial relations”. praised the German Chancellor Friedrich Merz, without hiding that he would have “wished more lightening”.

“When you expect a hurricane. you are delighted with a simple storm. ” said the VCI federation of German chemistry, while the German Industry Federation (BDI) has already predicted “considerable negative repercussions”.

The head of the Italian government. Giorgia Meloni. praised an agreement “which avoids a trade war within the West with unpredictable consequences”, in a joint statement with its vice-prime ministers, Antonio Tajani and Matteo Salvini.

It was less one, or almost. The 79-year-old republican. launched in a vast protectionist offensive. had given himself until August 1 before knocking out European products entering the United States of 30 %customs duties.

The customs duties: donald trump announces new deal will have to be validated by the EU member states. Their ambassadors. traveling to Greenland. were informed Sunday morning of the last negotiations, and will have to customs duties: donald trump announces consult it again to validate it.

If Ursula von der Leyen. Donald Trump could not get along, Brussels was ready to fight back by taxing American products and services.

The European executive. under the leadership of certain countries such as France. had also threatened to remove access to European public procurement or block certain investments.

Delive this “bazooka”-called “anti-coercion” instrument in Brussels jargon-would have trained Europe and America in an incredible diplomatic-economic-economic escalation.

The agreement with the EU is announced in the wake of those concluded in recent days with Japan. Vietnam. the Philippines and Indonesia, whose details are often still to negotiate and obtained at the cost of important concessions on the part of the targeted countries and after complicated customs duties: donald trump announces new discussions.

On Monday. it is with China that American negotiators will endeavor to avoid a resumption of commercial escalation. during a meeting in Stockholm.

On Tuesday. President Trump will be in Aberdeen. in the northeast customs duties: donald trump announces of Scotland, where his family has another golf course and will inaugurate a third next month. The president and his sons plan to attend the inauguration of the new course.

Customs duties: donald trump announces new

Customs duties: donald trump announces

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