The deal includes $600bn (£446bn) of EU investments in the US, and the bloc will buy $750bn (£558bn) of US energy and also purchase American military equipment.
Mr Trump said: “I think it’s great that we made a deal today instead of playing games and maybe not making a deal at all.”
He said: “We are agreeing that the tariff… for automobiles and everything else will be a straight across tariff of 15%.” However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would stay in place.
How long before the EU stops complaining about the Chinese EV boom just to spite trump? I mean christ that one is at least extremely transparent… god this guy is an idiot.
Europe has a pretty sizable car industry, that’s why they’re concerned about Chinese EV’s.