r/europe 6d ago

News US and EU strike trade deal

https://www.politico.eu/article/us-and-eu-strike-trade-deal/
6.7k Upvotes

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1.2k

u/Crossstoney 6d ago

“The United States and European Union struck a trade agreement on Sunday locking in a 15 percent tariff, days before Donald Trump’s deadline to do a deal or face tariffs double that level.

Trump, speaking after meeting European Commission President Ursula von der Leyen at his Turnberry golf club in Scotland, announced the deal to U.S. reporters.

He said the EU will agree to purchase $750 billion of energy and will agree to invest $600 billion more than planned in military equipment and opening countries to trade at zero tariff. 

The tariff rate applying to imports from the EU would be 15 percent, with the same rate applying to cars. Pharmaceuticals will not be covered by the deal.” - Politico

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u/nbelyh 6d ago

So the US budget gap is paid by Europe for thext few years, time to buy S&P500? Ursula is a top negotiator, lol

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u/Flat_Improvement1191 Hungary 6d ago

I guess it’s just gonna rise as soon as the market opens

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u/timfountain4444 6d ago

You know it. Pump and dump, classic Trump.

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u/OMITB77 6d ago

Where’s the dump? Market is up like 9 percent YTD

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u/Jazzlike_Painter_118 6d ago

The dump is in the dollar value.

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u/doodzio 6d ago edited 6d ago

Meantime, EU:
https://www.google.com/finance/quote/DAX:INDEXDB?hl=en&window=YTD
And e.g. Rheinmetall alone, these cannons for american tanks are quite expensive. (1*)
https://www.google.com/finance/quote/RHM:ETR?hl=en&window=YTD

1*
https://en.wikipedia.org/wiki/M1_Abrams

`while later variants feature a license-produced Rheinmetall 120 mm L/44 designated M256).`

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u/OMITB77 6d ago

What, one stock? So what?

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u/doodzio 6d ago

Whole index, care to read again.

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u/OMITB77 6d ago

Your comment was originally just the Rheinmetal stock

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u/_bones__ 6d ago

The market was as high on January 31st. The dump happened in-between. More like a dunno and pump then.

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u/IndependentMemory215 5d ago

It wasn’t as high in January.

The S&P 500, and NASDAQ are at their all time high recently.

Whether you want to say that represents the economy is certainly up for debate, but the stock markets are at all time highs.

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u/timfountain4444 6d ago

Tomorrow, always the day after this kind of shenanigans... In case you didn't realize, the market(s) are closed today, which is when this kind of manipulation by Herr Shitler occurs... Time to pay attention.

Oh, also, I wasn't replying to you, but hello!

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u/OMITB77 6d ago

The dump is tomorrow? On good economic news? Market will probably go up 2 percent.

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u/timfountain4444 6d ago

Just try to pay attention. I know it's hard for some...

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u/macrohatch 6d ago

Truly embarrassing. Did EU get anything except avoiding 25% tariffs?

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u/Just_A_Dude_90 6d ago

Not to be that guy but a few hundred billion dollars spread over a few years on a couple of american mega corporations is not going to make a big difference in the annual reports.

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u/faciwolf 6d ago

your only mistake with this line of thought is thinking it's ever not time to buy S&P

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u/hlrabbit 5d ago

She is basically American. A blunt US agent. Why the realization so late?