Trump Announces EU Trade Deal with 15% Tariffs
If you are a trader, tariff talk can make or break your day trades. So it's created an environment where you need to keep an eye on the headline almost 24/7 which is exhausting. With that being said I just saw that Trump announced today that the U.S. reached a trade deal with the European Union, following pivotal discussions with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline.
Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars. There were some additonal details that some products, including aircrafts and their components, some chemicals and pharmaceuticals, will not be subject to tariffs,
Von der Leyen said that the new 15% tariff rate would not be added to any tariffs already in effect. If you have not been paying attention the 15% tariff rate is lower than the 30% rate Trump had previously threatened, but higher than the 10% baseline tariffs the EU was hoping for. Trump said that they agreed to purchase $750 billion worth of U.S. energy and invest an additional $600 billion worth of investments into the U.S. above current levels. As with any of these deals questions remain about the specific details and timeline of the EU investments, the agreement marks a pivotal moment for Trump, following weeks of uncertainty surrounding the U.S.-EU trade talks.
I'm waiting to see how market react considering most of the these deals have been good for markets as uncertainty is removed from the equation.
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The chances of tariffs being passed again are high
This is good news. I think that the crypto news that is coming in the coming days, if interest rates are lowered, this could be the biggest news for the market.
It's a big win for Trump, the EU will eliminate all tariffs on US products and will purchase military equipment, tariffs on EU products at 15%, Europe will also buy the expensive gln gas which will skyrocket citizens bills... EU bring crappy as always
It's late Evening here on the West coast, I'm curios to wait and see how the markets open. Meanwhile, British Columbia is surreptitiously joining with Alberta and Saskatchewan regarding unofficial talks of a coordinated separation from Canada.
What a time to own PMs and Crypto.
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I am really afraid that these tariff will not have a strong negative effects on the citizens
now every thing is coming on track again