President Donald Trump and European Commission President Ursula von der Leyen announced on Sunday the U.S. and the EU had reached a deal that would impose a 15% tariff on most goods.
Under the deal, the EU will purchase $750 billion worth of energy from the U.S. and invest $600 billion more than it’s already is.
Meanwhile, Trump’s health secretary, Robert F. Kennedy Jr., plans to oust all 16 members of a task force that recommends which preventive health services, such as cancer screenings, must be covered by insurance.
Latest headlines:
- 1 hour and 30 minutes agoTrump and EU announce deal with 15% tariffs on most goods
- 2 hours and 21 minutes agoTrump says US not getting enough credit for aid to Gaza
- 2 hours and 29 minutes agoTrump takes stern tone ahead of meeting with von der Leyen
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1 hour and 30 minutes ago
Trump and EU announce deal with 15% tariffs on most goods
After meeting for less than an hour, Trump announced a trade deal with the European Union alongside European Commission President Ursula von der Leyen.
Here is an outline of the deal:
15% tariffs on most goods, including automobiles.
The EU will purchase from the U.S. $750 billion worth of energy.
The EU agrees to invest into the U.S. $600 billion more than it’s investing already.
All EU countries will be open to trade with the U.S. at zero tariffs.
The EU agrees to purchase a vast amount of military equipment.
As for the current 50% tariffs on steel and aluminum, Trump told reporters it would remain the same, saying it’s a “worldwide thing.”