{"id":15129,"date":"2025-07-28T10:41:37","date_gmt":"2025-07-28T10:41:37","guid":{"rendered":"https:\/\/axevera.com\/?p=15129"},"modified":"2025-07-28T10:41:38","modified_gmt":"2025-07-28T10:41:38","slug":"u-s-and-eu-finalize-tariff-deal-in-scotland-to-avert-trade-war","status":"publish","type":"post","link":"https:\/\/axevera.com\/en\/2025\/07\/28\/u-s-and-eu-finalize-tariff-deal-in-scotland-to-avert-trade-war\/","title":{"rendered":"U.S. and EU finalize tariff deal in Scotland to avert trade war"},"content":{"rendered":"\n

Trump and von der Leyen agreed on a 15% tariff plan during Sunday summit at Turnberry, alongside sweeping EU economic commitments.<\/em><\/p>\n\n\n\n

At Trump’s Turnberry golf resort on July\u202f27,\u202f2025, U.S. President Donald Trump and European Commission President Ursula von der Leyen sealed a landmark deal that pegs U.S. tariffs on most EU exports at 15%, halving the previously threatened 30% rates.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

The agreement was presented by Trump as a landmark success, describing it as \u201cprobably the biggest deal ever made\u201d. In return for Washington limiting tariffs on most EU goods to 15 per cent, Brussels committed to an extensive package: $750\u202fbillion in U.S. energy purchases over three years and $600\u202fbillion in investments and defence procurement. Yet the U.S. will retain its 50 per cent tariff on steel and aluminium, a decision that has already drawn unease from European industry groups and hints at future friction over unfinished aspects of the deal.<\/p>\n\n\n\n

Von der Leyen described the deal as imperfect but necessary: \u201cThe 15% tariff applies across the board \u2014 this was the best we could get,\u201d she said. Certain strategic products \u2014 such as aircraft, specific chemicals, semiconductor equipment, and selected pharmaceuticals \u2014 are exempt under a zero-for-zero clause<\/em>, a reciprocal arrangement where both sides agree to keep tariffs at zero for mutually important sectors. However, ambiguity remains around other segments like wine, spirits, and agricultural imports.<\/p>\n\n\n\n

Markets responded warmly. The Stoxx Europe 600 rose 1% to a four\u2011month high, led by gains in exporters, while U.S. stock futures edged higher. Investors welcomed the deal as easing near\u2011term uncertainty, a relief ahead of key Federal Reserve and Bank of Japan policy meetings later this week.

While Czechia is not a primary target of the U.S. tariffs, the country will feel the effects both directly \u2014 through limited niche exports to the U.S. \u2014 and indirectly via its close economic integration with Germany\u2019s automotive and industrial supply chains. These secondary impacts are likely to be more significant for the Czech economy. More analysis is available here:<\/em> Axevera – Czech Republic and Trump 30% tariffs<\/a> <\/p>\n\n\n\n

<\/p>\n\n\n\n

AI generated image<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S.-EU trade pact caps tariffs at 15%; EU commits $1.35T. Markets up, steel tariffs stay. Czechia faces indirect effects.<\/p>\n","protected":false},"author":5,"featured_media":15134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525],"tags":[],"yst_prominent_words":[],"class_list":{"0":"post-15129","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-en"},"_links":{"self":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/15129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/comments?post=15129"}],"version-history":[{"count":1,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/15129\/revisions"}],"predecessor-version":[{"id":15138,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/15129\/revisions\/15138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media\/15134"}],"wp:attachment":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media?parent=15129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/categories?post=15129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/tags?post=15129"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=15129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}