Commerce Secretary Howard Lutnick takes out the American and EU trading agreement on ‘Special Report’.
Commerce Secretary Howard Lutnick praised the “Monster” trade agreement of the Trump government with the European Union (EU) as a historical moment for the American people.
Lutnick joined “Special Report” Monday after president Donald Trump And President Ursula von der Leyen of the EU committee announced a deal in Scotland prior to a threatening tar liefdadline of 1 August who threatened to increase world trade.
“They were for the first time to lower all their rates, lower their barriers and let American companies and farmers and farmers and fishermen sell, eventually sell in the European Union,” Lutnick said. “Solid market. This is huge for America.”
President of the European Commission Ursula von der Leyen meets US President Donald Trump in Trump Turnberry Golf Club on July 27, 2025 in Turnberry, Scotland. (Andrew Harnik / Getty Images / Getty images)
The White House said that the EU will pay a rate of 15%, including cars, car parts, pharmaceutical products and semiconductors, as well as a rate of 50% on steel, aluminum and copper.
It will also, among other things, Invest around $ 600 billion In the United States in the next three years and $ 750 billion of American energy exports until 2028, buy a step focused on reducing Europe’s dependence on Russian energy.
“President Trump’s agreement with the European Union reaches historical structural reforms and strategic obligations that will benefit generations for generations to American industry, employees and national security,” ” Read a statement Of the White House partly.
The Trump government announced a trade agreement with the European Union on Sunday 27 July 2025. (Jakub Porzycki / Nurphoto via getty images / getty images)
EU-Trade Commissioner Maros Sefcovic defended the trade agreement in the midst of criticism from the French trade minister Laurent Saint-Martin and French Prime Minister François Bayrou, who both suggested that it was unbalanced.
Trump’s tough policy Push UK, EU to significantly expand trade and defense
“This is clearly the best deal we can get under very difficult circumstances,” Sefcovic said during a press conference Monday in Brussels.
He added that he is convinced that the deal saves and opens trade, trade flows and jobs in Europe [a] New chapter in EU-US Relations [on] How to adjust our mutual trading patterns in this new era of geo -economy and geopolitics. “
European Commissioner for Trade Maros Sefcovic is looking up during a press conference at the end of the European Foreign Affairs Council in Brussels, Belgium, on July 14, 2025. (Jonathan Raa / Nurphoto via Getty Images / Getty Images)
“Finally we have imposed the wrong thing about Handel and Donald Trump directly,” said Lutnick.
The trade secretary suggested that more deals could be completed before Friday, but explained that Trump could do that too Just set the rates For other countries.
“By the end of this week they will all be set. They will all be in stone and they will be written, and we will collect those extra funds,” he said “Special Report”. “At the moment we are gathering 10% of everyone in the world, and of course one Higher rate from China. But come next week, we’re leaving. “
‘The Big Money Show’ -Panel analyzes President Donald Trump’s deadline with the European Union and Mexico of President Donald Trump, since the countries are confronted with 30% rates.
The South China Morning Post reported that Beijing and Washington are expected to extend their tariff break by another 90 days after trade discussions in Stockholm.
