Hundreds of billions instead of 30% duties: Trump and von der Leyen made a deal

The United States has concluded a trade deal with the European Union. This was stated by President Donald Trump after a meeting with the head of the European Commission Ursula von der Leyen in Scotland, Bloomberg reports.

"The United States and the European Union have agreed on a deal under which the bloc will face 15 percent tariffs on most of its exports, including cars, preventing a trade war that could deal a devastating blow to the global economy. The pact was concluded less than a week before the deadline on Friday, when Trump's higher tariffs would have taken effect," the agency reports.

The European Union has agreed to purchase $ 750 billion worth of American energy resources, as well as to additionally invest another $ 600 billion in the US economy, open the markets of countries for the United States to trade with them at zero tariffs and purchase a "huge amount" of military equipment. The deal will allow The EU will avoid the 30 percent duties that the American president threatened to impose from August 1. The United States will impose only 15 percent tariffs on most imports from the European Union, including cars.

"I think the deal is basically done here. This is the biggest deal of all," Trump told reporters at his golf club in Turnberry, Scotland.

Von der Leyen, in turn, said that the agreement "will bring stability" and "ensure predictability," the agency reports.