Author: Luke Broadwater
\ Published on: 27/07/2025 | 00:00:00

AI Summary:
\ Donald Trump promised the world that his tariffs would lead to 90 deals in 90 days. Mr. Trump is now coming off his most productive stretch of trade negotiations. The European Union and the United States agreed on Sunday to a broad-brush trade deal that sets a 15 percent tariff on most E.U. Goods, including cars. The bloc also agreed to increase its investment in the United States by more than $600 billion. The two sides agreed to drop tariffs to zero on a range of goods including aircraft, plane parts, certain chemicals, certain generic drugs, certain semiconductor equipment and some agricultural products. Our economics reporters — based in New York, London, Brussels, Berlin, Hong Kong and Seoul— are digging into every aspect of the tariffs causing global turmoil. The Peterson Institute for International Economics said negotiations for a single trade deal can take more than a year, with implementation taking multiple years. Within days of the April 2 announcement of tariffs on countries across the globe, White House officials said around 70 countries were already calling to strike deals. Mr. Trump’s trade adviser predicted 90 agreements in 90 days. Export duties erased about $1.5 billion from its profits in the first half of the year. Boeing Emerges as a Winner: Countries striking agreements with the United States have pledged to buy more of the company’s planes. Rock City Coffee resisted increasing prices as Trump’s trade war drove its costs up. The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. Nearly every member of the European Union supports a plan to

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\ Summary: 271 words
\ Percent reduction: 75.54%

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