EU and US strike trade agreement
US President Donald Trump and European Commission President Ursula von der Leyen have announced a significant new trade agreement following talks held at Trump’s Turnberry golf resort in Scotland.
The deal, which both leaders described as mutually beneficial, is expected to boost transatlantic commerce and deepen economic ties between the US and the European Union.
“We have reached a deal. It's a good deal for everybody,” President Trump told reporters after the meeting.
Standing alongside Ms von der Leyen, who also hailed the agreement as a “good deal,” the US leader described the development as a major success for both economies.
The announcement marks a shift in US-EU trade relations, which have experienced tensions in recent years over tariffs and regulatory differences.
According to Mr Trump, the new agreement represents not just economic alignment but also a move towards closer political cooperation.
“The deal is going to bring us very close together,” he said, calling it a type of “partnership.”
He added that “everybody is going to make a lot of money with this” and predicted that the deal would result in greater “unity and friendship.”
The agreement is expected to enhance access to European markets for US-made vehicles, particularly in the popular pickup truck and SUV segments.
“We do really well with the pickup trucks and the SUVs,” Mr Trump noted, adding that increased availability would “make European consumers happy.”
While full details of the deal have not yet been published, Trump confirmed that tariffs will not be lower than 15%, signalling a continuation of robust trade terms.
According to Mr Trump, the new agreement represents not just economic alignment but also a move towards closer political cooperation.
Despite the high tariff floor, the President expressed strong satisfaction with the outcome.
“This deal is very satisfactory to both sides and is the biggest of all the deals,” Trump stated. “My team is very honoured to have done so.”
For Irish businesses trading within the EU and looking across the Atlantic, the agreement may signal both opportunities and challenges ahead. As details emerge, close monitoring of sector-specific impacts will be crucial.
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