Trump says it’s great:
“It’s a very powerful deal, it’s a very big deal, it’s the biggest of all the deals,” Trump said Sunday alongside von der Leyen [of the EU].
The agreement imposes a flat 15% tariff on most European imports to the U.S., including automobiles—significantly lower than the 30% Trump had previously threatened, but still far tougher than the 10% baseline the EU hoped for. In return, the EU will buy $750 billion in American energy and invest an additional $600 billion into the U.S. economy.
“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,” Trump said. …
“It is about rebalancing,” von der Leyen said as she sat next to Trump. “You can call it fairness, you can call it rebalancing. We have a surplus and the United States has a deficit, and we have to rebalance it.”
Sounds good to me. But how does CNN Business spin it? With this headline: “Trump’s EU deal averts disaster. But few are cheering.” The NY Times has this more interesting take of very reluctant semi-praise: “For Trump, E.U. Trade Deal was Badly Needed: After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one.” Here’s another CNN approach: “Trump lands another big win with EU trade deal, but he can’t dodge the Epstein saga.”
He can’t dodge it if CNN has anything to say about it.
The NY Post, as you might expect, has a more enthusiastic attitude as reflected in this headline: “Eu-reka! Trump strikes ‘biggest deal ever made’ with EU as prez announces Europeans will invest trillions in US, pay tariffs.”
Beauty is in the eye of the beholder.
