President Donald Trump revealed new details Tuesday about the sweeping trade deals being finalized with the European Union and China, sending a clear message that the United States is no longer playing second fiddle on the global economic stage.
Speaking on CNBC’s Squawk Box, Trump confirmed that under the agreement reached with the EU in late July, initial tariffs of 30% on goods such as vehicles and medicine will now be lowered to 15%. In return, the EU has committed to purchasing $750 billion in U.S. energy and investing an additional $600 billion into the American economy.
“They gave me $600 billion and that’s a gift,” Trump said. “They gave us $600 billion that we can invest in anything we want.”
However, Trump made it clear that this deal isn’t etched in stone. He warned that if Brussels fails to hold up its end of the bargain, the EU should be prepared for tariffs to spike to 35%. “They know I’ll do it,” he added, pointing to the effectiveness of his “Liberation Day” tariff strategy in forcing concessions from trade partners.
The president’s remarks come as the European Commission announced a six-month suspension of retaliatory tariffs in anticipation of finalizing a Joint Statement with the U.S. by the end of the summer.
Trump’s aggressive trade rebalancing efforts are not limited to Europe. He confirmed that talks with China are moving forward and that he will meet with Chinese President Xi Jinping only if and when a deal is completed.
“I’ll end up having a meeting before the end of the year, most likely, if we make a deal,” Trump said. “But we’re getting very close to a deal. We’re getting along with China very well.”
Despite media speculation that Trump was urgently seeking a sit-down with Xi, the president has maintained a strategic posture, saying China is “very reliant on the United States” and thus incentivized to strike a favorable deal.
Among Trump’s most significant economic announcements was his proposal to re-shore pharmaceutical manufacturing, threatening to impose tariffs as high as 250% on drugs made in countries like China and Ireland. The bold move aims to jumpstart domestic production of critical medicines and end American dependence on foreign drug manufacturing—a dependency exposed during the COVID era and exacerbated under previous administrations.
Critics have claimed the new deals lack enforcement teeth, but Trump dismissed that notion outright, pointing to the massive dollar commitments and the EU’s immediate pause of counter-tariffs as proof his policies are working.
The broader tariff plan, which takes effect August 7, imposes a 10% baseline tariff on all countries with a trade deficit with the United States, with higher percentages on non-compliant nations and revised deals for those who have come to the table. Trump’s team is reportedly considering country-specific exceptions in future executive orders.
While corporate media remains focused on the friction caused by the tariffs, the American public appears to be responding positively. According to the University of Michigan’s latest survey, consumer sentiment is rising across political lines. Republicans, Independents, and Democrats all reported slight increases in confidence, suggesting that voters recognize the long-term benefits of Trump’s America First trade reset.
As Trump moves closer to securing new economic architecture with the world’s largest economies, his message remains clear: America is back in charge of its destiny—and it’s time the rest of the world pays fair.
The post Trump Reveals Trade Plans With China, EU Following Massive Deals appeared first on Real News Now.
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