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Europe bends over for Trump. Promises to buy American weapons and pay 15% tarriff. (news.sky.com)

submitted 5 days ago by cm0002@lemmy.world to c/world@quokk.au

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The deal includes $600bn (£446bn) of EU investments in the US, and the bloc will buy $750bn (£558bn) of US energy and also purchase American military equipment.

Mr Trump said: "I think it's great that we made a deal today instead of playing games and maybe not making a deal at all."

He said: "We are agreeing that the tariff... for automobiles and everything else will be a straight across tariff of 15%." However, the 15% baseline rate would not apply to steel and aluminium, for which a 50% tariff would stay in place.

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[–] forrgott 12 points 5 days ago

Well, I guess it was inevitable, but now the media is apparently spreading President Tiny Dick's lies about how tariffs work. And as prices go up, somehow that'll be Obama's fault. 🙄