General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEU has reached a trade deal with the US
Link to tweet
EU to purchase NG and ???
Stock market will probably fly Monday.
niyad
(134,035 posts)KPN
(17,512 posts)i.e., way premature, nothing in writing/signed.
WarGamer
(18,860 posts)The rich get richer
Melon
(1,705 posts)I think most of us especially over 40 care about the market performance. And we aint all rich.
WarGamer
(18,860 posts)And while we all appreciate the increase in value... the rich are particularly happy.
Their increases equate to yachts and Villas.
Melon
(1,705 posts)For the millionth time. This is why I dont have yachts and villas!
Melon
(1,705 posts)ImNotGod
(1,217 posts)Under the agreement, the US will levy a 15% baseline tariff for most EU exports to the US, limiting a higher border tax charge on EU goods sold to the US market. However, the tax rate is higher than before Trump came to power, and a 50% tariff remains on steel exports; a set back for that industry.
Pharmaceuticals and semi-conductors are also excluded and could yet face punitive tariffs.
NickB79
(20,405 posts)We build zero vehicles they want in any decent amount
Takket
(23,803 posts)they've forgotten to point out that a 15% tax Americans have to pay on all goods from the EU is a disaster for inflation and our economy.
its funny because we used to have free trade and drumpf like like "one trillion % tariff" and we settle on 15% import tariffs and the media is like "we have a deal! Wow 15 down from one trillion sounds great!!!!!!!!!"
yeah, we have a BAD DEAL. A GOOD DEAL is the USA not having to pay a 15% tax on everything!!!!!!!!!!
Melon
(1,705 posts)We had to pay a VAT import duty which is a percentage tax on goods. Our business had to pay at EU customs for raw materials and I think its 20% of declared value.
William Gustafson
(557 posts)It has to go through congress to become a law. Otherwise, it's just words on paper.
Thats when we find out what the actual deal is.... but for now, it's all hype.
RoeVWade
(929 posts)iF the Supreme Court rules against Trump, all trade deals and announced tariff changes made under the IEEPAincluding minimum 10% import rates and threatened reciprocal tariffswould be declared instantly illegal. Refunds could flow to companies and individuals who have paid unlawfully imposed tariffs, if they file claims with the CIT.
The massive, headline-grabbing $550 billion Japanese investment pledge is cited by Piper Sandler as an example of economic promises lacking clarity, specifics, or legal durability.
https://fortune.com/2025/07/25/trump-trade-deals-illegal-piper-sandler-tariffs-supreme-court/
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