The U.S. and Europe agree to a trade deal.
Tangle
Isaac Saul
4.7 • 817 Ratings
🗓️ 29 July 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
On Sunday, President Donald Trump announced that the United States and the European Union (EU) had reached a trade deal following a meeting between Trump and the European Commission President Ursula von der Leyen. The U.S. and the EU agreed to a 15% tariff on most European goods imported to the U.S., as well as a commitment from EU members to buy $750 billion worth of U.S. energy and increase investments in the U.S. by $600 billion, including through the purchase of military equipment. The deal comes just days before the August 1 deadline Trump set for countries to negotiate a trade deal with the U.S. or face increased tariffs.
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Transcript
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| 1:27.5 | Good morning, good afternoon and good evening, and welcome to the Tangle podcast, the place we get views from across the political spectrum, some independent thinking, and a little bit of my take. I'm your host, Isaac Saul, and on today's episode, we are going |
| 1:32.5 | to be talking about the United States European Union trade deal, a very big deal, big deal for |
| 1:39.0 | Trump, big deal for world trade, big deal for EU, U.S. relations. We're going to break down what exactly |
| 1:44.9 | happened, share some views from the left and the right and from abroad, and then my take. |
| 1:51.0 | Before we jump in, though, I want to give you a quick heads up that in response to yesterday's |
| 1:54.9 | reader question on the Social Security Fairness Act, SSFA, we wrote that, quote, beneficiaries who did not have portions of their |
| 2:02.9 | salaries pay into the Social Security Trust Fund would now be exempted from a provision that |
| 2:08.5 | garnished their Social Security benefit. That wording created some confusion by not clarifying |
| 2:14.2 | that these beneficiaries had paid into the funds through other jobs that they |
| 2:18.0 | worked. Only those who have contributed to Social Security can receive benefits for themselves |
| 2:23.6 | or their surviving family. A few readers wrote in asking us to kind of clarify that, |
| 2:29.1 | so we figured we would clarify that here at the top of the podcast and the newsletter, just letting you know. |
| 2:35.4 | All right, with that, I'm going to send it over to John for today's main topic, and I'll be back for my take. |
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