Donald Trump closes 'biggest ever' trade deal with European Union; to impose tariff of..., sell weapons to...
Trump said on this occasion that under this agreement, the markets of all countries will be opened, and 15 percent tariffs will be imposed on the European Union in all areas. Along with this, the EU will also increase the purchase of military equipment from America. In the energy sector too, the European Union will buy energy worth about $ 150 billion from America, which will strengthen the economic cooperation of both sides. What does the deal require EU to do?
Apart from this, the European Union will invest $ 600 billion in America, which will also strengthen the US economy. Under this deal, the existing duty system already applicable on steel and aluminium will continue. A new announcement will be made under section 232 within the next two weeks regarding the chips or semiconductor sector, which will be a big initiative for this industry. How did EU president describe the deal?
European Union President Ursula von der Leyen described the agreement as bringing stability and said that it will establish better trade relations between the two sides. Also, she said that new policies related to the chips sector will come out soon.
This trade agreement is considered an important step to reshape economic relations at the global level and promote trade cooperation. Both sides hope that this will take economic growth and stability to new heights. This deal will not only strengthen US-Europe relations but will also open the door to new opportunities in global trade.
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