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US–EU agreement on 15% tariffs: Disaster averted – Why many see it as a one-sided compromise
The agreement averts a trade war, includes $600 billion in investments and $750 billion in US energy purchases, but also establishes a baseline 15% tariff on European goods – A blow to the auto industry and a rise in import costs – First reaction from the markets
‘EU trade deal will be the biggest of all if reached,’ said Trump in Scotland
The US President is in Scotland to meet Ursula von der Leyen and Kir Starmers
Reuters: 30% tariffs on Europe will cause a total overhaul of its economic model
The impact of raising the cost of European exports to levels that make them unsustainable for American consumers will be immediately felt
Italian Foreign Minister: EU ready to hit US with €21 billion in tariffs
Trump threatened to impose 30% tariffs on imports from Mexico and the EU from August 1
Trump’s 50% tariffs on copper: Beijing speaks of an “arbitrary” decision that serves no one
"We have also always believed that the arbitrary imposition of customs duties does not serve the interests of any party," a Chinese Foreign Ministry spokesman said.
Politico: Trump administration proposes EU deal with 10% basic tariff and exemptions in “sensitive sectors”
The Trump administration announced on Sunday the postponement of the imposition of extended tariffs until August 1, thus giving room for negotiations - Europeans are weighing the facts against the unpredictable US president
