Source: Ludwig von Mises Institute
by Connor O’Keeffe
“Donald Trump announced on Sunday that his administration had reached a trade deal with the European Union, which would place a 15 percent tariff on all goods Americans buy from Europe and require the EU to purchase a certain amount of oil and weapons from some US firms. Although European officials clarified that this was a legally non-binding outline and the two sides are still working out some details, Trump is characteristically celebrating the ‘deal’ as a major win for the American people. But it really isn’t. Every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off.” (07/30/25)
https://mises.org/mises-wire/us-eu-trade-deal-nothing-celebrate