“This colossal deal will enable U.S. farmers, ranchers, fishermen, and manufacturers to increase U.S. exports, expand business opportunities, and help reduce the goods trade deficit with the European Union.”
(Mary Dowling) President Trump keeps winning. He secured a $20 trillion economy with 450 million people that is now providing historic market access to American industrial and agriculture exports. The dollar rose in the markets but EU stocks soured.
Some EU members were unhappy and others were relieved. They didn’t want to pay any tariffs. The French were unhappy, but they always are lately.
One small win for the EU sees it and the US establishing a few “zero-for-zero” tariffs on products including aircraft and their components, “certain chemicals,” some generic drugs, semiconductor equipment (chips themselves are subject to the 15 percent tariff), and other items. The EU President said she expects to expand the list over time. The EU will invest $750B in U.S. energy and buy more American military equipment. They will invest $600 billion more in the US. More below.
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