The European Union plans to invest $600 billion in the U.S. and purchase $750 billion worth of American energy products along with large quantities of weapons. This agreement follows a similar commitment from Japan to invest $550 billion in U.S. industrial sectors, both facing a 15% tariff on their exports. Negotiations with China are upcoming, with expectations based on these recent deals. Treasury Secretary Scott Bessent noted that innovative financing mechanisms contributed to Japan's favorable tariff rate, indicating potential strategies for other nations.
"They got the 15% rate because they were willing to provide this innovative financing mechanism," he told Bloomberg TV on Wednesday, when asked if other countries could get a similar rate.
The EU will invest $600 billion in the U.S., buy $750 billion of American energy products and purchase "vast amounts" of weapons, according to Trump.
Both the EU and Japan will face a 15% tariff on most of their exports to the U.S.
When Japan broke down and made a deal the EU had little choice, Jamie Cox said in a note on Sunday.
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