The EU trade agreement — with its favorable terms for the US — proves Trump's a great dealmaker
The deal calls for at least $1.35 trillion in European investments and purchases of US energy and military equipment.
Advertisement
And while European tariffs on many US exports will drop to zero, European goods will face 15% duties.
Plus, neither side will slap any duties at all on 'a number of strategic products,' including aircraft and aircraft parts, certain chemicals, semiconductor equipment, critical raw materials and more.
This is a great deal for both sides, and avoids a trade war that would've involved 44% of the world's economy.
Advertisement
'I think it's the biggest deal ever made,' boasted Trump — and it certainly was big: The European Union, which includes 27 countries, is America's largest trading partner, with total trade of nearly $2 trillion last year.
And make no mistake: These were no easy negotiations; Trump reached terms with European Commission President Ursula von der Leyen after talks in Scotland she described as 'very difficult.'
On Friday, Trump put the chances of agreement at 50-50.
President Donald Trump speaks, while sat with European Commission President Ursula von der Leyen, after an announcement of a trade deal between the US and EU, in Turnberry, Scotland, Britain, July 27, 2025.
REUTERS
Advertisement
But Von der Leyen praised the prez as a tough dealmaker; Trump said he thought both sides 'wanted to make a deal,' and that it would 'bring us very close together.'
Hmm: Just a few months ago, his critics blasted his tariff program — predicting practically every disaster but the full collapse of the worldwide economy.
Yet Trump has now secured key trade deals with Japan, the United Kingdom, Indonesia, Vietnam, the Philippines, China (at least partially) — and now the EU.
That's going to bring much stability to the markets and relief for businesses trying to plan ahead.
Advertisement
Sure, there's more work to be done: Trump's 'Liberation Day' tariffs kick in Friday for nations that lack a deal.
But his accomplishment in rebalancing international trade to America's benefit are already enormously impressive.
Even his critics ought to give him some hearty props here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
a minute ago
- Business Insider
Mark Cuban said the Trump administration needs to crack down on ads in AI models
"Shark Tank" star Mark Cuban said on Saturday that the White House should "make it illegal for AI models to offer advertising." Cuban said in an X post addressed to David Sacks, the White House's AI and crypto czar, that the administration should "examine referral fees as well." "The last thing we need is to have algorithms designed to maximize revenue driving LLM output and interactions," Cuban wrote. "They are already recommending brands and we don't know if they are getting paid for it. We need to have learned our lessons from algos in social media," he added. Cuban said in a subsequent post on Saturday that he would be willing to accept advertising on AI models if they are "identified as an ad" and kept "completely independent from the user generated chats." Cuban's proposal comes just days after the Trump administration unveiled its 28-page " AI Action Plan" on Wednesday. Back in January, President Donald Trump had signed an executive order calling for "existing AI policies and directives that act as barriers to American AI innovation" to be revoked. Trump has adopted a relatively light-touch approach toward AI regulation compared to his predecessor, President Joe Biden. In October 2023, Biden signed an executive order demanding greater transparency from companies developing AI tools. Trump's new "AI Action Plan" proposed withholding federal funding from states that want to impose "burdensome" AI regulations. Cuban and the White House did not respond to requests for comment from Business Insider. Social-media déjà vu Cuban's worries may not be unfounded. Major AI players such as have been deepening their leadership bench with former executives from social media platforms like Facebook and Instagram. In May, OpenAI chief Sam Altman said he had hired Fidji Simo, the CEO and chair of Instacart, to serve as OpenAI's new CEO of applications. Before she joined Instacart, Simo worked at Meta, where she oversaw Facebook's app and advertising products. Last year, OpenAI hired Kevin Weil as its chief product officer. Weil was previously vice president of product at Instagram and senior vice president of product at Twitter. OpenAI's rival, Anthropic, made a similar move in May 2024 when it hired Mike Krieger, cofounder and former CTO of Instagram, as its chief product officer. Cuban has long warned about the risks and dangers that could come with AI tools like chatbots. He told comedian Jon Stewart in a podcast interview that aired in 2023 that online misinformation "is only going to get worse" with the proliferation of AI tools. "Once these things start taking on a life of their own, it will be difficult for us to define why and how the machine makes the decisions it makes, and who controls the machine," Cuban said. Last week, Cuban wrote in an X post that he expects AI companies to hoard talent and intellectual property to stay ahead of their competitors. "If you create valuable IP, encrypt and silo it. Let companies bid on it. Or just use it for your own behind a paywall model. IP is KING in an AI world," Cuban wrote on July 20.
Washington Post
a minute ago
- Washington Post
Doonesbury Comic Strips by Garry Trudeau - July 28, 1990
........Trump on Jeffrey Epstein: "Somebody that nobody cares about."....Laura Loomer: "How come we can't talk about what a dumb lying bimbo Pam Blondi is?...How many more times is this woman going to get away with F-ing everything up before she is fired?"....Trump on Rosie O'Donnell: "She is a threat to humanity."....O'Donnell in response: "I still live rent-free in that collapsing brain of yours. I'm everything you fear: a loud woman, a queer woman, a mother who tells the truth, an American who got out of the country before you set it ablaze."....Trump on Elon Musk: "50% genius, 50% boy."....Steve Bannon: "Formerly known as Elon Musk, Elmo the not an American, you're a South we take enough time and prove the facts of that, you should be deported because it's a crime what you did -- among many."....Musk: "The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for."....Tucker Carlson: "Why are my cities disgusting? I don't even want to go there. It smells like weed and halal food."....CA Gov. Gavin Newsom: "Kids running from tear gas, crying on the phone because their mother was just taken from the fields. Trump calls me 'Newscum' but he's the real scum."....Jonathan V. Last on Trump: "Reinventing ICE as the primary instrument of internal state power. ICE is more or less a national brute squad."...Ruth Ben-Ghiat on Trump: "Authoritarian leader cult is folding to his will."....CA Governor's press office on Stephen Miller: "This fascist cuck in DC continues his assault on democracy and the the Constitution hurt your feelings, Stephen. Cry harder."....Charlie Kirk on Texas flooding: "The death toll likely would not have been as high if it wasn't for DEI."....Dean Blundell on Trump: "An aging, increasingly incoherent, barely upright man."....Maureen Dowd: "Trump, who plays at being king, is not interested in virtue; only in humiliation, conflict, enrichment and revenge."....Tina Brown: "Out of Trump's ass, his ego, and his flawless media intuition, came: Let's bomb the shit out of Fordo."....John Cleese on Trump administration: "This is why dictatorships fail. Dictators always surround themselves with yes-people who are terrified to acquaint the dictator with reality."....Trump on Sen. Rand Paul: "His ideas are actually crazy (losers!). The people of Kentucky can't stand him."....VP JD Vance: "I empathize with Americans who are exhausted after 25 years of foreign entanglements in the Middle difference is that back then we had dumb presidents."....Andrew Sullivan: "A president who lies about everything all the time is singularly incapable of being a war president. People have to trust your word in a war. But Trump's word is toilet paper."....John Oliver on ICE agents: "These are criminal gangs,...bounty hunters making money for each body they manage to kidnap. They have quotas. You are their USA is sick."....WH Communications Director Steven Cheung: "The Nobel Peace Prize is illegitimate if President Trump -- the ultimate peace president -- is denied his rightful recognition of bringing harmony across the world."....Rep. MTG: "America is the greatest country in the world and I fight the nasty 'America Last' Democrats in Washington to keep it that way."....Trump on Democrats: "I hate them. I cannot stand them, because I really believe they hate our country."....Rep. Hakeem Jeffries on House passing Trump's BBB: "One big ugly is a crime scene."....Jonathan Alter: "Might as well tear down the Statue of LIberty and flush Emma Lazarus's poem down the toilet."....Garrison Keillor: "Every morning the news hits us like a baseball bat. How did this crook and clown achieve the White House so he could wage war on science, higher education, the Constitution, regulatory agencies, and the world economy, while redecorating the Oval Office to look like the Golden Nugget in Las Vegas?"....Trump supporter to reporter "We're not stupid. Donald Trump is a genius. That's what the J stands for.".... ........Trump on Jeffrey Epstein: "Somebody that nobody cares about."....Laura Loomer: "How come we can't talk about what a dumb lying bimbo Pam Blondi is?...How many more times is this woman going to get away with F-ing everything up before she is fired?"....Trump on Rosie O'Donnell: "She is a threat to humanity."....O'Donnell in response: "I still live rent-free in that collapsing brain of yours. I'm everything you fear: a loud woman, a queer woman, a mother who tells the truth, an American who got out of the country before you set it ablaze."....Trump on Elon Musk: "50% genius, 50% boy."....Steve Bannon: "Formerly known as Elon Musk, Elmo the not an American, you're a South we take enough time and prove the facts of that, you should be deported because it's a crime what you did -- among many."....Musk: "The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for."....Tucker Carlson: "Why are my cities disgusting? I don't even want to go there. It smells like weed and halal food."....CA Gov. Gavin Newsom: "Kids running from tear gas, crying on the phone because their mother was just taken from the fields. Trump calls me 'Newscum' but he's the real scum."....Jonathan V. Last on Trump: "Reinventing ICE as the primary instrument of internal state power. ICE is more or less a national brute squad."...Ruth Ben-Ghiat on Trump: "Authoritarian leader cult is folding to his will."....CA Governor's press office on Stephen Miller: "This fascist cuck in DC continues his assault on democracy and the the Constitution hurt your feelings, Stephen. Cry harder."....Charlie Kirk on Texas flooding: "The death toll likely would not have been as high if it wasn't for DEI."....Dean Blundell on Trump: "An aging, increasingly incoherent, barely upright man."....Maureen Dowd: "Trump, who plays at being king, is not interested in virtue; only in humiliation, conflict, enrichment and revenge."....Tina Brown: "Out of Trump's ass, his ego, and his flawless media intuition, came: Let's bomb the shit out of Fordo."....John Cleese on Trump administration: "This is why dictatorships fail. Dictators always surround themselves with yes-people who are terrified to acquaint the dictator with reality."....Trump on Sen. Rand Paul: "His ideas are actually crazy (losers!). The people of Kentucky can't stand him."....VP JD Vance: "I empathize with Americans who are exhausted after 25 years of foreign entanglements in the Middle difference is that back then we had dumb presidents."....Andrew Sullivan: "A president who lies about everything all the time is singularly incapable of being a war president. People have to trust your word in a war. But Trump's word is toilet paper."....John Oliver on ICE agents: "These are criminal gangs,...bounty hunters making money for each body they manage to kidnap. They have quotas. You are their USA is sick."....WH Communications Director Steven Cheung: "The Nobel Peace Prize is illegitimate if President Trump -- the ultimate peace president -- is denied his rightful recognition of bringing harmony across the world."....Rep. MTG: "America is the greatest country in the world and I fight the nasty 'America Last' Democrats in Washington to keep it that way."....Trump on Democrats: "I hate them. I cannot stand them, because I really believe they hate our country."....Rep. Hakeem Jeffries on House passing Trump's BBB: "One big ugly is a crime scene."....Jonathan Alter: "Might as well tear down the Statue of LIberty and flush Emma Lazarus's poem down the toilet."....Garrison Keillor: "Every morning the news hits us like a baseball bat. How did this crook and clown achieve the White House so he could wage war on science, higher education, the Constitution, regulatory agencies, and the world economy, while redecorating the Oval Office to look like the Golden Nugget in Las Vegas?"....Trump supporter to reporter "We're not stupid. Donald Trump is a genius. That's what the J stands for.".... ........Trump on Jeffrey Epstein: "Somebody that nobody cares about."....Laura Loomer: "How come we can't talk about what a dumb lying bimbo Pam Blondi is?...How many more times is this woman going to get away with F-ing everything up before she is fired?"....Trump on Rosie O'Donnell: "She is a threat to humanity."....O'Donnell in response: "I still live rent-free in that collapsing brain of yours. I'm everything you fear: a loud woman, a queer woman, a mother who tells the truth, an American who got out of the country before you set it ablaze."....Trump on Elon Musk: "50% genius, 50% boy."....Steve Bannon: "Formerly known as Elon Musk, Elmo the not an American, you're a South we take enough time and prove the facts of that, you should be deported because it's a crime what you did -- among many."....Musk: "The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for."....Tucker Carlson: "Why are my cities disgusting? I don't even want to go there. It smells like weed and halal food."....CA Gov. Gavin Newsom: "Kids running from tear gas, crying on the phone because their mother was just taken from the fields. Trump calls me 'Newscum' but he's the real scum."....Jonathan V. Last on Trump: "Reinventing ICE as the primary instrument of internal state power. ICE is more or less a national brute squad."...Ruth Ben-Ghiat on Trump: "Authoritarian leader cult is folding to his will."....CA Governor's press office on Stephen Miller: "This fascist cuck in DC continues his assault on democracy and the the Constitution hurt your feelings, Stephen. Cry harder."....Charlie Kirk on Texas flooding: "The death toll likely would not have been as high if it wasn't for DEI."....Dean Blundell on Trump: "An aging, increasingly incoherent, barely upright man."....Maureen Dowd: "Trump, who plays at being king, is not interested in virtue; only in humiliation, conflict, enrichment and revenge."....Tina Brown: "Out of Trump's ass, his ego, and his flawless media intuition, came: Let's bomb the shit out of Fordo."....John Cleese on Trump administration: "This is why dictatorships fail. Dictators always surround themselves with yes-people who are terrified to acquaint the dictator with reality."....Trump on Sen. Rand Paul: "His ideas are actually crazy (losers!). The people of Kentucky can't stand him."....VP JD Vance: "I empathize with Americans who are exhausted after 25 years of foreign entanglements in the Middle difference is that back then we had dumb presidents."....Andrew Sullivan: "A president who lies about everything all the time is singularly incapable of being a war president. People have to trust your word in a war. But Trump's word is toilet paper."....John Oliver on ICE agents: "These are criminal gangs,...bounty hunters making money for each body they manage to kidnap. They have quotas. You are their USA is sick."....WH Communications Director Steven Cheung: "The Nobel Peace Prize is illegitimate if President Trump -- the ultimate peace president -- is denied his rightful recognition of bringing harmony across the world."....Rep. MTG: "America is the greatest country in the world and I fight the nasty 'America Last' Democrats in Washington to keep it that way."....Trump on Democrats: "I hate them. I cannot stand them, because I really believe they hate our country."....Rep. Hakeem Jeffries on House passing Trump's BBB: "One big ugly is a crime scene."....Jonathan Alter: "Might as well tear down the Statue of LIberty and flush Emma Lazarus's poem down the toilet."....Garrison Keillor: "Every morning the news hits us like a baseball bat. How did this crook and clown achieve the White House so he could wage war on science, higher education, the Constitution, regulatory agencies, and the world economy, while redecorating the Oval Office to look like the Golden Nugget in Las Vegas?"....Trump supporter to reporter "We're not stupid. Donald Trump is a genius. That's what the J stands for."....
Bloomberg
a minute ago
- Bloomberg
Bangladesh Offers to Buy Boeing Planes to Sway Trump on Tariffs
Bangladesh has offered to buy 25 jets from Boeing Co., using the recent US-Indonesia trade deal as a model, in hopes of persuading President Donald Trump to lower tariffs on the country. 'We have made commitments that are maintainable for us. The Boeing purchase is part of that,' Commerce Secretary Mahbubur Rahman said in an interview with Bloomberg News on Sunday, ahead of his departure to Washington. 'If they compare our offer with others, we should get a better deal.'
