US President donald trump has announced a major trade deal with the european union (EU). trump has called it the best trade deal so far. He says that both sides will benefit from this. trump has imposed a 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 of all sectors.
The european union will increase the purchase of military equipment from the US after the trade deal. It will also make energy sector-related purchases worth $150 billion from the US. EU Chief Ursula von der Leyen said that a very good deal has been done with the US. At the same time, US President trump, while announcing the trade deal, said that the european union will invest $600 billion in the US. Under this deal, the existing tariff system already in force on steel and aluminum will continue. An announcement regarding chips or semiconductor sector can be made in the next two weeks.
How much tariff did trump impose on which country?
Trump has dropped tariff bombs on many countries, while he has also given concessions to some countries. He has imposed 34 percent tariff on china and 46 percent on Vietnam. 29 percent tariff has been imposed on pakistan and 37 percent on Bangladesh. trump had earlier imposed 10 percent tariff on Brazil, but now it has been increased to 50 percent. This can badly affect Brazil's economy.
Trade deal is going to happen between india and America
There was a long discussion between india and America regarding the trade deal. These two countries are negotiating about trade in agriculture and dairy, automobile sector as well as other areas. The trade deal of both the countries has not been finalized yet, but it can be agreed upon soon.
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