US President Donald Trump gave the European Union (EU) Has announced a big business agreement with. Trump has called it the best trade agreement so far. He says that both sides are going to benefit from this. Trump has imposed 15 percent tariff on the European Union during the trade deal. According to the AFP report, he says that this deal will open the market in all areas.
The European Union will increase the purchase of military equipment from the US after the trade deal. He will also procure US $ 150 billion from the US energy sector. EU Chief Ursula von Der Leyen said that a very good deal has been done with America. At the same time, US President Trump announced about the trade deal and said that the European Union will invest $ 600 billion in the US. Under this deal, only the current tariff system will be run on steel and aluminum. An announcement can be made in the next two weeks regarding chips or semiconductor sector.
How much tariff did Trump put on which country
Trump has burst tariff bombs on many countries, while some countries have also given concession. He has imposed 34 percent tariffs on China and 46 percent on Vietnam. 29 percent tariffs have been imposed on Pakistan and 37 percent on Bangladesh. Trump had first imposed 10 percent tariff on Brazil, but now it has increased to 50 percent. This can affect Brazil’s economy badly.
Trade deal is going to be held between India and America
There was a long talk between India and America about the trade deal. Both these countries are talking about agriculture and dairy, automobile sector as well as more business in more areas. The trade deal of both countries has not been finalized yet, but it can be agreed soon.