The comments came two days after Donald Trump threatened to hit the EU with a 35% tariff if it failed to follow through on its pledge to massively invest in US infrastructure

  • Hotznplotzn@lemmy.sdf.org
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    2 days ago

    The entire EU-US ‘agreement’ is non-legal binding, not just the spending volume. This has been communicated on the Commission website right after the meeting between von der Leyen and Trump. The so-called ‘deal’ is a string of vague statements ("The United States and the European Union intend to work together to address non-tariff barriers affecting trade in food and agricultural products” - they “intend to work together”, so they agree to negotiate further).

    The only point where the EU has given in was to eliminate its tariffs on U.S. industrial goods, but these tariffs for non-agricultural products have been around 1%, so that’s not really a game changer in EU-US trade.