Trump scores trade deal with EU featuring 15% tariffs, billions in U.S. energy exports

Trump scores trade deal with EU featuring 15% tariffs, billions in U.S. energy exports

President Donald Trump met with European Commission President Ursula von der Leyen on Sunday to discuss trade and other issues. 

Trump announced that a trade deal has been reached.

"We are agreeing that the tariff straight-across for automobiles and everything else will be a straight-across tariff of 15%," Trump said.

"They're going to purchase $750 billion worth of energy, so that's going to be great, and $600 billion of investments into the United States over and above what they have," he added.

The deadline of August 1 for new higher tariffs to be imposed on the European Union is fast approaching.

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