From Fox News: President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal between the U.S. and European Union on Sunday.
The announcement came moments after the two had addressed the media, agreeing that the likelihood of an agreement was about 50-50. Von der Leyen said the negotiations had taken some “heavy lifting,” but the two leaders agreed they were happy with the result.
“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,” Trump said.
“So we have a tariff of 15%. We have the opening up of all of the European countries, which I think I could say were essentially closed. I mean, you weren’t exactly taking our orders. You weren’t exactly taking our agriculture,” Trump said to von der Leyen.
Europe will also purchase $150 billion in U.S. energy and invest $600 billion in the U.S.
“It is about rebalancing,” von der Leyen said. “You can call it fairness, you can call it rebalancing. We have a surplus and the United States has a deficit, and we have to rebalance
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