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submitted 2 weeks ago* (last edited 2 weeks ago) by HowRu68@lemmy.world to c/world@lemmy.world

EDINBURGH, Scotland (AP) — The United States and the European Union agreed to a trade deal setting a 15% tariff on most goods, President Donald Trump announced Sunday, staving off for now higher import taxes on both sides that might have sent shock waves through economies around the globe.

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[-] ExLisper@lemmy.curiana.net 3 points 2 weeks ago

EU accepted 15% tariff AND it has to keep spending billions on oil, gas, and weapons from US. If it doesn't US can increase the tariffs. So to summarize:

  • EU has worst trade position than before
  • EU is still tied to US without clear way to become independent
  • the situation is only stabilized for now and Trump can "alter the deal" in the future

Great job Ursula!

Seriously, it's clear now that UE only has one card: let's build close business ties with everyone so they can't afford to fight us. Putin and Trump showed that this tactic doesn't work against strongmen but EU is unable to come up with anything else. EU has no power and it will all go downhill now.

this post was submitted on 27 Jul 2025
20 points (95.5% liked)

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