The Marshall Plan is Over – EU Commission President Ursula von der Leyen Announces Details of U.S-EU Trade Agreement
The Marshall Plan is OVER!
Okay, this is a very big win. EU Commission President Ursula von der Leyen outlines some more details of the U.S-EU trade agreement. The parameters fall similar to the Japanese deal, without the banking aspect.
The EU will face (and accept) a 15% tariff rate for most exports to the USA including autos, that’s huge, even with some zero-for-zero tariff sectors outlined. The primary motivating factor was to avoid the 35% tariff rate scheduled for August 1st and provide the EU corporations with certainty in their tariff rate as applied by the USA (15%). WATCH:
This is almost full acquiescence to President Trump. WATCH THE VIDEO
Ursula has the sads.
Europe Right Now
Congratulations America!
Thank You President Donald J Trump, U.S. Trade Representative Jamieson Greer, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
Enjoy the golf.
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