Us-eu tariff is engaged in a great profit of Trump, but not a common defeat for Brussels

After weeks of tense negotiations between their best sales officers, the European Union and the US have finally achieved a framework deal -and it comes on the eve of the last round of tariff conversations in America with China.

In the end, leaders from Washington and Brussels were needed to sit face -to -face to reach the agreement on Sunday.

This is something we saw with the other deals that President Donald Trump has achieved – his personal involvement is what pushed them over the line – even when the prospects for the breakthrough did not seem bright.

This matters for both countries, because so many businesses and jobs depend on what the EU calls “the largest bilateral relations in the world and investment.”

The Trump administration celebrates this as a big profit and in many ways it is. But this is also not a complete defeat for the President of the European Commission Ursula von der Leyen.

“The whole European press is singing the President’s praise at the moment, amazed at the deal that agrees on behalf of Americans.” Vice President JD Vance said in a publication on the social media website XS

“Tomorrow, the US media will undoubtedly execute titles like” Donald Trump has received only 99.9 percent of what he wanted, “he added.

It is comfortable that the EU is now facing a 15% US tariff, not 30% that has been threatened.

But it is still a big climb, since the percentage is much higher than the so-called Trump Liberation Day in April and not as good as a 10% percentage of the United Kingdom.

Brussels may indicate the fact that the lower percentage is applied to very large European exports, including pharmaceuticals and semiconductors.

It also means that EU manufacturers will face a 15% tax on US imports, not a 25% global tariff, which was imported in early April.

But in return, the EU “opens its sides at zero tariff” of American exports, Trump said.

EU steel and aluminum will also continue to face 50% tariff when sold in the United States.

The block spent weeks trying to present itself as a difficult negotiator, as he was preparing ranging rates and warned that he could follow them.

The threatened measures would hit 100 billion euros ($ 117.6 billion; £ 87.5 billion) US goods sold in the EU.

In May, a 217 -page list was published on what could be directed. It included everything from cattle to parts of the aircraft and whiskey.

But entering the conversations Brussels had great challenges facing his negotiation position.

The weather is far from perfect for the risk of a trade war with the largest economy in the world.

Europe’s economic growth has been slow for some time, and only last week, the European Central Bank warned that “the environment remains extremely uncertain, especially because of commercial disputes.”

This transaction removes some of this uncertainty and ultimately the European Commission, which negotiates the trading for the 27 EU members, has decided that it is worth the price, even if the 15% tariffs of President Trump ultimately reduce trade volume because they make their exports to the US less competitive.

Europe is also highly relying on the United States for its security. In the back of the mind of the Brussels Negotiation team, it would be fears that Trump could potentially stop arms supplies to Ukraine, remove the US military from the region, or even leave NATO.

About Trump, still feeling the glow of Last week’s rates deal with JapanThe message marks another big victory.

The deal also equates to the expectation of approximately $ 90 billion (£ 67 billion) tariff revenue for state funds – based on last year’s commercial data.

As part of the agreement, the EU will also buy US energy products and weapons worth hundreds of billions of dollars.

Trump said the EU would increase its US $ 600 billion investment, including US military equipment, and spend $ 750 billion a energy.

The deal is sold as a remarkable moment in the relationship between Washington and Brussels.

It was not easy to get to this point.

Both Hardball game and none of them was ready to surrender easily, but none of the parties wanted these negotiations to return after the deadline of August 1.

For years, the US president has been heading against what he considers unfair commercial practices in Europe.

The first part of this is the deficit. Last year, this meant the US bought $ 236 billion more than the EU than sold on the block.

Trump accepts somewhat simplified opinion that it is American wealth, leaving the country unnecessarily. The reality is that international trade is a more complex affair.

Another complaint is that the EU’s strict provisions on everything – from cars to chickens, make it difficult for US companies to sell their products in the EU than the other way around.

European Commission President Ursula von der Leyen acknowledged the need to deal with the deficit.

In the announcement of the agreement, she said: “We have to balance it. We have an excellent commercial relationship.

“This is a huge volume of trade we have together. So we will make it more resistant.”

This deal shows how serious President Trump is to renegotiate how the United States, the biggest economy in the world, is doing business with everyone else.

Given the EU consists of 27 very different countries, it seems that one of the more complex trade agreements must be withdrawn.

There are days after the United States reached another major agreement with Japan – there were also transactions with the United Kingdom, Vietnam and Indonesia.

The rest of the big ones still have the three largest individual trading partners in the United States – Mexico, Canada and China.

And with the US president, there may be more positive news about the world economy over the next 48 hours.

For the third time in so many months, the United States and China have been making trade calls in Stockholm, Sweden, on Monday and Tuesday.

Expectations are increasing that higher tariffs between the two largest economies in the world can be stopped for another 90 days.

A few days ago, Trump said the United States “got along very well with China” and suggest that the main point of adhesion of exports of rare earth metals was overcome.

With the broad outlines of the EU The deal agreed, trade negotiators in Washington have an enhanced hand when they are talking to Beijing.

But China has so far made a more prime approach than other trading partners in the United States.

And if the conversations between the two largest economies in the world have broken down, global trade can still be interrupted in the coming months.