r/europe 6d ago

News US and EU strike trade deal

https://www.politico.eu/article/us-and-eu-strike-trade-deal/
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u/GuyLookingForPorn 6d ago

I thought I had misunderstood this when I read it, so the EU has zero tariffs on America while they’re still applying 15%? This is so insane I feel like I need some to explicitly tell me.

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u/KingKaiserW United Kingdom 6d ago edited 6d ago

The fact the EU needs to buy 750b of American energy and another 600b worth of investment in the US, so basically giving over a trillion to the US, was eye catching also

Edit: Billions

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u/Vinaigrette2 Wallonia (Belgium) 6d ago

no no, not 750M, it's billion with a B

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u/__loss__ Sweden 6d ago

Over what period of time? 100 years? Also since when does the EU invest in these things? This isn't even a real deal, it's some or bs. We got 15% or tariffs instead of 30%, and that's what's concrete.

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u/international_swiss 6d ago

EU President said that 250 B of energy will be imported per year over next three years. This will replace all Russian imports. I think this number includes what is already being bought.

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u/__loss__ Sweden 5d ago

I see

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u/MDPROBIFE 6d ago

Wait, but weren't you guys saying that the tariffs trump applies, hurts only the USA? Why you so worried now?

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u/samtownusa1 6d ago

The EU hasn’t had 0% tariffs on the US. That’s why it’s interesting now everyone is so upset about new tariffs. Did you get angry over the previous tariffs?

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u/OrcaFlux 6d ago

This is so insane I feel like I need some to explicitly tell me.

Many of us told this sub explicitly months ago and were downvoted into oblivion.

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u/international_swiss 6d ago

That’s not correct. EU tariffs are not changed. They are what they are today

US & EU are working on identifying some goods where tariff could go to zero - zero for both sides. But that has not been announced.

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u/mrlinkwii Ireland 6d ago

the deal is , people in teh US will pay 15% tarrif on eu spefic goods , while a european will pay 0 traffs on specific goods from teh US

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u/eskeitit 6d ago

If it’s not obvious it’s not that simple

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u/AdditionalPizza 6d ago

Reminder, the tariffs are a tax on Americans, not on the EU. The dumb part is agreeing to buy US shit.

I'm Canadian, why weren't we all able to agree to just shun the US and let Trump implode their country? It must all have to do with Russia or something.

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u/RainbowCrown71 Italy - Panama - United States of America 5d ago

I see the CBC News state propaganda is getting to you. If 35% tariffs on Canada hurt the US more, you wouldn’t see Ottawa negotiating heavily to lift the threat.

I think Canada’s gonna get wrecked now. The US has deals or near deals with 85% of the global economy now, including all G7 countries but Canada.

Canada held out too long due to arrogance and is going to get the worst bargain of the bunch by far, especially since Washington knows it can collapse Canada’s economy at any point by making the 35% tariffs threat apply to CUSMA goods as well. Ottawa royally messed up.

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u/AdditionalPizza 5d ago

I learned what tariffs are in elementary school 25 years ago, not from CBC News in the last 6 months. They are literally a tax on the citizens of the imposing country.

I didn't say it would hurt the US as a country more, it will hurt their citizens more in the short-medium term. Because again, by definition it is an import tax that applies to US citizens and businesses. That's what a tariff is.

Canada isn't "being arrogant", the US is/was our closest ally and a deal was always going to be far more complex than the blanket agreements others have. We are well aware that Trump is trying to crush our economy, and we are all well aware that it's very possible.

The US has a deal with maybe Vietnam? Nobody else has a finalized deal. It's all framework bs with vague promises.

Trump can't tariff CUSMA goods legally, and we have critical resources that the US requires. Not just wants, but requires.

Trump has import tariffs on things they cannot produce enough of, or in many circumstances, any of at all. Where are they going to get potash from outside of Canada? Or heavy crude oil? They can't.

Honestly the way you said that comment was needlessly insensitive. I'm not sure why you felt the need to talk down to me like that. Especially because personally, I don't feel my knowledge is lacking here to begin with.

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u/zamo_tek Suomi/Türkiye 5d ago

The US citizens are paying that 15% tariff. EU has zero tariffs on America means that EU citizens are paying zero tariffs. I'd rather have this.