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Monday: Face-Ripping Rally ? - EU and US strike historic trade deal

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New US-EU trade deal worth $1.35 trillion

At a summit in Scotland, Donald Trump and Ursula von der Leyen reached a major trade deal. The US lowers its threatened import tariffs from 30% to 15% on almost all European exports. In return, the EU will invest $750 billion in U.S. energy and $600 billion in broader economic cooperation, including defense. Higher tariffs of up to 50% also remain in place on steel and aluminum. The deal avoids a trade war and marks a new chapter in transatlantic relations. $VOO (+0,04 %)
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15% on imports from the EU. Is that a good deal? For whom is it good and what are the exemptions?

1.35 trillion invest. How will that be established? Are there going to be quotas for the individual member states?

Stock market will go up, but I am sceptical.
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Don't think so. 15% were already priced in. But we'll see.
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Politics in the USA are a snapshot. Trump can celebrate. The EU is reassured. Renegotiation after the next election. 🤷‍♂️

Details are still to be worked out anyway (period, lists, exceptions,...).
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Are you a Trump bot?
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@TheRealDarthVader Are you still playing with Lego?
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Ăšnase a la conversaciĂłn