US President Donald Trump announced that the United States and the European Union have reached a framework for a trade deal. CNN reported this on Sunday, July 27.
Trump held talks with European Commission President Ursula von der Leyen in Turnberry, Scotland. According to him, the parties managed to reach an agreement and outlined the main provisions of the agreement.
"Speaking alongside von der Leyen at his golf course on the western coast of Scotland, Trump said the EU agreed to purchase USD 750 billion worth of energy from the US, and invest USD 600 billion more in the US," the publication said.
The publication recalls that the agreement was concluded after Trump announced that from August 1, tariffs on most EU goods would be increased from 10% to 30%, as the United States and the European Union have one of the "largest trade deficits" and were unable to reach an agreement by July 9.
As the Ukrainian News agency earlier reported, on July 17, US President Donald Trump said that he intended to send a single letter notifying more than 150 countries of the tariff rates they would face.
On July 14, EU Trade Commissioner Maroš Šefčovič said that the US President's threat to impose a 30% tariff on European goods would "virtually ban" transatlantic trade.
As a reminder, on June 29, Republican Senator Lindsey Graham said that Trump was preparing a 500% tariff for countries that cooperate with russia and do not support Ukraine.
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