President of the European Commission Ursula von der Leyen with US President Donald Trump. Photo Credit: White House video screenshot The EU has essentially handed Trump everything he asked for in his recent trade negotiations. The European Commission accepted an asymmetrical deal, agreeing to remove tariffs on U.S. industrial goods in exchange for the U.S. cutting tariffs on European cars. U.S. car tariffs dropped from 27.5% to 15%, while the EU will lift or reduce duties on a range of American goods, including some agricultural products. Brussels must cut more tariffs and increase purchases of U.S. energy, while Washington still maintains duties on 70% of EU exports. EU governments accepted the lopsided deal after Trump threatened 30% tariffs on nearly all European imports. The EU…
Click here to read the full article at The Gateway Pundit.
