The United States and European Union have agreed on new trade terms following President Trump’s private meeting with EU Commission President Ursula von der Leyen in Scotland. EU countries will face a 15 percent tariff on many goods imported into the US, including cars and semiconductors, instead of the previously proposed 30 percent.
The EU welcomed the deal, saying it will provide clarity and stability for businesses and citizens alike. Some products, such as aircraft and specific agricultural goods, will have zero tariffs, and the EU has committed to buying $750 billion worth of US energy over the next three years.
Despite the positive reception by officials, many Americans are unhappy because tariffs often mean higher costs for consumers. Those importing European goods will likely pass the added charges onto American buyers.
At the same time, the EU will eliminate tariffs on US cars, allowing Europeans to buy cheaper American vehicles. This imbalance is fueling criticism that the deal benefits Europe more, while American shoppers face increased prices.
