US and EU announce massive trade deal, no tariff on US goods imported in EU, 150B$ in energy sales to EU, EU to buy 600$B military equipment from US,

[Scott Downey]

Trunp and Vonder Laden expect greater amounts, these are initial numbers

MSN

President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal between the U.S. and European Union on Sunday.

The announcement came moments after the two had addressed the media, agreeing that the likelihood of an agreement was about 50-50. Von der Leyen said the negotiations had taken some "heavy lifting," but the two leaders agreed they were happy with the result.


"We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%," Trump said.

"So we have a tariff of 15%. We have the opening up of all of the European countries, which I think I could say were essentially closed. I mean, you weren't exactly taking our orders. You weren't exactly taking our agriculture," he added, addressing von der Leyen.

Von der Leyen said Europe will also purchase $150 billion worth of U.S. energy as part of the deal, in addition to making $600 billion in other investments into the U.S.

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TRUMP HEADS TO SCOTLAND TO TALK GOLF, POLITICS AND TRADE

Trump and von der Leyen had sounded unsure of whether a deal would be reached even as they spoke to the press in Scotland on Sunday.

 

[pandaflower]

America is a Corporation. It makes sense to have a successful businessman as its CEO.

 

[Scott Downey]

China extension expected
These numbers are good for American workers and US businesses

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-us-eu-agreement-announced-china-truce-extension-expected-200619379.html

President Trump and European Commission President Ursula von der Leyen announced that the US and EU had agreed to the framework of a trade deal after negotiations in Scotland on Sunday.

Trump called the deal “the biggest of them all,” while von der Leyen said that "15% is not to be underestimated, but it is the best we could get." Other details of the framework are still being confirmed.

Earlier on Sunday the South China Morning Post, a Hong Kong-based English-language newspaper, reported that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday."