Commerce Secretary Howard Lutnick describes some of the details within the new U.S-European trade agreement.
As noted, the $600 billion in regular trade products exported by the EU to the USA market will be subject to a 15% reciprocal tariff. This approach effectively ends the Marshall Plan, sets the trade terms to balance and should generate approximately $90 billion in revenue to the U.S. treasury.
U.S. tariffs on cars and auto parts are being reduced to the baseline 15 percent — a level that matches the deal notched earlier this month by Japanese automakers. In exchange, the EU has agreed to lower its car tariffs from 10 percent to zero, trade spokesperson Olof Gill said. The German companies are angry though, because the 25% tariff still applies to Mexico. So, German autos manufactured in Mexico (massive prior investment) will come to the USA with a 25% tariff.
In addition to the EU agreement to open their markets to U.S. products, private companies within the EU have committed to $600 billion in direct investment within the USA. Additionally, the EU will purchase $750 billion in U.S. energy products and with the NATO commitments previously agreed significant military purchases are anticipated. That is a major purchase agreement of $250 billion each year for the next three years.
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My nephews are in Scotland for a golf vacation. They said CNN over there is 10 times worse than here, and every windbag “journalist ” is screaming at the moon over this deal. That tells you President Trump got it right. They’re in full meltdown down.
President Trump sure knows how to drive his opponents crazy. They’re not used to dealing with a leader who means what he says and does what he promises.
With all these new trade (tariff) agreements being made it is difficult (for me anyway) to understand how good or beneficial they are without knowing what the existing or previous agreements were.
Sundance, can you clarify this in any way?
I found this at Whitehouse.gov:
https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-the-united-states-and-european-union-reach-massive-trade-deal/
It covers much of the major points of the agreement.
https://www.cnbc.com/2025/02/13/trumps-tariffs-will-hit-these-european-union-products-hardest.html
This is as close as I can find at the moment..the wayback machine won’t let you find anything easily 🙄
Overall, I believe, the EU was only being charged 1.2% to ship their stuff to the US.
The US was being charged 12% for US apparel to enter the EU
I am sure if I looked longer I could eventually find the info.
The next obvious question: what leftist “judge” will block this?
After all, it’s good for America, and a huge win for PDT, so the globalists and marxists can’t let this go.
With this new EU/USA trade agreement about to go into effect, I am wondering if we Americans can finally get the top shelf olive oil from all European countries that refused to ship it overseas to us Americans. I’m not a foodie but all my life I heard about how much better European olive oil tasted.
Full Virgin Spanish olive oil is available in Australia. On the advice of an Italian friend this is the best olive oil in the world.
Is it sold in America? If not, then I won’t be tasting it.
Did anyone ever love their job more than Lutnick? He’s lovely.
Exactly!
Bret Baer’s face reflects the media, he reflects media distain for our President and the strides he made against the EU, who has had their way for too long against us.
That said, we can’t love, more or even close to enough, Howard Lutnick for his optimism and love for our country.
Grok checkers have begun the process of exposing the idiocy of some elements of the US-European tariff deal. Brace yourself.
EU’s pledge for $250 billion of US energy imports is delusionalReuters |
The agreement calls for EU imports of US energy, which currently are mainly crude oil and liquefied natural gas (LNG), of $250 billion a year for three years.
This is a delusional level of imports that the EU has virtually no chance of meeting, and one that US producers would also struggle to supply.
Even if the EU did manage somehow to boost its energy imports from the United States to the $250 billion a year mark, it would also prove massively disruptive for energy flows around the rest of the world.
The numbers show the scale of the challenge.
https://www.mining.com/web/column-eus-pledge-for-250-billion-of-us-energy-imports-is-delusional/