European Union bows to Trump in new trade deal

Here & Now Anytime

NPR

News

4.1 • 953 Ratings

🗓️ 28 July 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump announced a new trade deal with the European Union that places a 15% tariff on most exports to the U.S. Bloomberg's Lionel Laurent explains why the EU backed down from a looming trade war. And, humanitarian organizations warn of an impending famine in Gaza if the situation on the ground continues, with little aid allowed into the region by Israel. Alex de Waal, executive director of the World Peace Foundation at Tufts University, breaks down what it would take for a famine to be declared. Then, President Trump has received a significant amount of support from Evangelical Christians. But not all Christians are on board with Trump's policies. Pastor Derwin Gray of the Transformation Church describes how he's working to lead his church through political division.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	Support for here and now anytime comes from MathWorks, creator of MATLAB and Simulink software for technical computing and model-based design.
0:09.2	MathWorks, accelerating the pace of discovery in engineering and science. Learn more at Mathworks.com.
0:17.0	WBUR Podcasts, Boston.
0:26.8	This is probably the biggest deal ever reached in any capacity, trade or beyond trade.
0:29.4	The U.S. has a new trade deal with the EU.
0:31.7	But is it a win for Europe?
0:38.2	It's July 28th, and this is here and now anytime from NPR and WBUR Boston.
0:39.9	I'm Kalyani Soxena.
0:55.2	Today on the show, we'll take a closer look at the desperate conditions in Gaza and what it would take to declare a famine there,
0:59.2	as Palestinian civilians continue to starve.
1:05.8	Terrible scenes of people scavenging for food amid piles of garbage,
1:09.5	people actually reduced to searching for food like animals. And we'll hear from an evangelical pastor about today's polarized political climate under the second Trump administration.
1:16.6	It's almost like an episode of Jerry Springer that I didn't sign up to be a partner.
1:22.6	There's not a lot of thoughtful engagement. It's a lot of populist, emotive bullying, basically.
1:31.5	But first, let's take a moment to unpack President Trump's new trade deal with the European
1:35.9	Union and what it might mean for you and your wallet.
1:39.7	Okay, here's the top line.
1:41.5	Under this new agreement, most exports from the EU to the U.S. will face a 15% tariff.
1:47.8	That may seem like a relief, given that Trump previously threatened to levy a 30% tariff on goods from the EU.
1:54.3	But 15% is still a really steep figure. Oh, and one more thing. Per the terms of the deal, the EU is lifting all
2:03.1	tariffs on American goods. Seems like a pretty sweet deal for American manufacturers, but it's a
2:08.9	dark cloud for many European companies who could pass on the increased cost of trade to American shoppers.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.