this post was submitted on 27 Jul 2025
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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.

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[–] elucubra@sopuli.xyz 6 points 2 hours ago (1 children)

So, Americans will pay a 15% tax, while not getting those manufacturing jobs.

[–] mathemachristian@lemmy.ml 1 points 2 hours ago

and our misleaders ensured that we will not only lose out on profits but also pay for the privilege.

[–] JayBeeTX@lemmy.world -3 points 2 hours ago (1 children)

To be fair, the U.S. generally makes the best weapons.

[–] geneva_convenience@lemmy.ml 3 points 1 hour ago

Not really. Their price to performance ratio is usually terrible and the maintenance cost extremely high.

[–] KingGordon@lemmy.world 53 points 12 hours ago (3 children)

Europe didnt agree to a 15% tariff. Americans are paying the fucking tariff.

[–] mathemachristian@lemmy.ml 0 points 2 hours ago (1 children)

Europeans lose out on the profit. Thats what a tariff mainly does, divert the profits from the company to the government.

[–] qyron@sopuli.xyz 1 points 1 hour ago (1 children)
[–] Aria@lemmygrad.ml 1 points 4 minutes ago

If the product is 15% more expensive, it might push it over the threshold where it's no longer the most competitive product, and a competitor gets the sale instead.

[–] geneva_convenience@lemmy.ml 2 points 4 hours ago

You are technically correct, but without any counter-tariffs Europe is practically paying the tariffs.

[–] NChiwana76@lemmy.world 37 points 12 hours ago

Europe agrees with Trump that Americans should pay the tariffs.

[–] Archangel1313@lemmy.ca 17 points 10 hours ago (1 children)

No one can actually stop Trump from imposing tariffs on his own country.

[–] geneva_convenience@lemmy.ml 7 points 4 hours ago

That's what counter tarrifs are for.

[–] queermunist@lemmy.ml 59 points 13 hours ago (1 children)

If you're looking for resistance to the US empire it isn't going to come from Europe.

[–] SpicyLizards@reddthat.com 9 points 8 hours ago* (last edited 8 hours ago)

I hate that you're correct

[–] Warl0k3@lemmy.world 14 points 12 hours ago* (last edited 12 hours ago) (2 children)

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.

[–] Tenderizer78@lemmy.ml 6 points 3 hours ago

Europe has a pretty sizable car industry, that's why they're concerned about Chinese EV's.

[–] JustJack23@slrpnk.net 17 points 11 hours ago (2 children)

Our leaders are spineless... The US says jump and we jump it's pathetic. I really wish the people of Europe organized more and put up stronger resistance because our leaders will not do shit.

[–] Etnaphele@lemmy.world 4 points 3 hours ago (1 children)

It’s not just ideological or lack of authority, EU economy is deeply intertwined with US’s one: if your main ally turns his back on you, you’re in deep shit no matter what you do. I agree that harder times could be beneficial (other comment to yours), but try to survive Trumps legislation could also work. In my view, it’s the decades before this that prepared the field for trouble: both with Russia and USA, Europe has made itself too dependent on foreign countries (for energy and defense, core matters with regards to be strong on an international field)

[–] mathemachristian@lemmy.ml 3 points 2 hours ago (1 children)

"deeply intertwined" is a nice way of saying "owned by"

[–] Etnaphele@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

I think this is excessive, the concept of ownership is on another level. But I get what you mean.

[–] P00ptart@lemmy.world 5 points 6 hours ago

That would certainly help both sides of the Atlantic. We need to hurt for anything to change on our side.

[–] ABetterTomorrow@sh.itjust.works 2 points 10 hours ago

They didn’t say when lol