Hello! Let’s have a quick, fun conversation about something that might sound serious (because, you know, it is about international trade), but I’ll break it down in a super simple way to understand—sort of like we’re talking about it over coffee.
And by the way, if you’re always looking for the latest, hottest news from politics, lifestyle, world events, and even the odd wild story of billionaires and mansions—make polifinus.com your everyday stop. Trust me, it’s where the action is!
Now, let’s talk about Trump, tariffs, the EU, and three fortunate products that dodged the 15% blow.
A “Big” Golf course deal in Scotland
So, picture this: President Donald Trump has a meeting with European Commission president Ursula von der Leyen. Not in a boring office or official conference room, either—nope, this was at Trump’s very own golf resort on Scotland’s beautiful west coast.
Trump, never a man to miss a superlative, calls it “the biggest of them all.” What is he talking about? A new trade deal between the United States and the European Union.
The basics: What’s in this trade deal?
Here are the basics:
- Trump had threatened to impose a 30% tariff on European goods.
- They negotiated and agreed to impose a 15% tariff instead.
- In return, the EU agreed to let U.S. goods in tariff-free.
- But not everything is included in this “deal of deals.”
Still with me? Good! Because here comes the juicy stuff—not every product is getting hit with the 15% fee. A few products were given a free pass, and today we’re zooming in on three major ones.
The Three Products That Missed Trump’s Tariffs
Let’s get down to business—and I mean get down to business. Act as if you’re going to purchase these products or invest in a company that does. Here’s the scoop:
1. Aircraft and aircraft parts
Yup, airplanes—big and small—and their high-tech parts are not on the 15% tariff list. This is huge for companies like Airbus (Europe-based) and Boeing (U.S.-based).
Under the new deal, zero-for-zero tariffs will be applied to aircraft and aircraft parts. That means:
- No new taxes or duties when exporting/importing between the U.S. and the EU.
- A big relief for the aerospace industry, which already took a beating during the pandemic.
- And possibly, fewer delays and lower costs when airlines update their fleets.
So next time you’re boarding a flight, just know — the wings may be tariff-free, thanks to golf diplomacy!
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2. Semiconductor equipment
If you’re not familiar with semiconductors, here’s the scoop: they power everything — from your smartphone and laptop to your car and even your microwave.
The machines that make these semiconductors — semiconductor manufacturing equipment — also dodged the 15% tariff.
Why this matters:
- The chip industry is critical right now. Countries are fighting to control production and avoid shortages.
- With no extra tax burden, EU businesses can continue to export advanced chip tech to the U.S.
- It keeps the tech world spinning, quite literally.
So yeah, that next AI or iPhone product you’ll be holding in your hand? It might just be powered by a tariff-free machine from Europe.
3. Some farm products
We love food. You love food. And in this deal, some European farm products managed to avoid the 15% tariff party. Consider specialty cheeses, olive oil, and certain gourmet goodies.
Here’s why this is worth celebrating:
- U.S. foodies and importers don’t have to pay more.
- European farmers can breathe a sigh of relief—they still have access to the enormous American market.
- And your favorite artisan brie or extra virgin olive oil? It won’t double in price at your local store.
(But again, not all farm products emerged unharmed. Just some.)
Trump’s message: “This was the big one.”
Trump was quick to brag about the deal. He told reporters, “This is the biggest of them all.” He added that steel and aluminum will still have global tariffs, though.
There was some confusion when von der Leyen mentioned pharmaceuticals would be part of the tariff, but Trump said the contrary. So, as ever in politics—stay tuned.
But what is certain is that three valuable product categories—planes, semiconductor equipment, and some agricultural products—won’t be taxed under this 15% deal.
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But why is this deal such a big deal?
Let’s put this into context.
- The U.S. and the EU are among the world’s biggest trade partners.
- They do approximately $4 billion of trade every single day. That’s equivalent to buying the whole country a cheeseburger every few hours.
- Preventing massive tariffs not only helps businesses from being hurt and jobs from not being secure, but you—yes, YOU — won’t see crazy price increases on imported products.
Also on the table: U.S. energy and EU investment
Trump announced the EU agreed to:
- Buy $750 billion of U.S. energy
- Invest $600 billion in the United States
If those numbers made your head spin—don’t worry. Just know it means more jobs, more exports, and more money flowing across the Atlantic.
That could translate to healthier economies for both and possibly more clout to handle other world powers like China or Russia.
Trump talks Gaza: aid, hunger, and Hamas
As he was winding up, there was one more significant issue Trump spoke about: the humanitarian crisis in Gaza.
Answering a question about whether Israel should be doing more to allow food in, Trump said:
- The U.S. has already sent $60 million in aid recently.
- He accused Hamas of stealing food.
- He said more U.S. aid can be forthcoming but called for other countries to do more as well.
In his words, “If we weren’t there, I think people would have starved.”
What this means for you
Whether you’re a business owner, a bookworm, or just someone who likes a good cheese board on a Friday night—these tariffs matter.
- You’re less likely to see prices skyrocket on flights, gadgets, and your favorite snacks.
- The deal might inspire other countries to play fairer in trade.
- It shows that, even when global leaders play golf, they can still strike historic deals (with a handshake and a driver, maybe?).
