Overview

• Leaders reached a trade framework at Turnberry, Scotland, establishing 15% tariffs on EU exports and zero duties on US sales.
• The pact secures roughly $750 billion in EU purchases of American energy products and boosts European investment in the US by over $600 billion.
• Trump used the joint press conference to vow a domestic ban on new wind turbine projects and to admonish European nations for embracing wind farms.
• He denounced wind power as a “con job” that kills birds, blights landscapes and purportedly drives whales “loco,” echoing claims refuted by the US Department of Energy.
• Von der Leyen hailed the agreement as mutually beneficial, averting the threat of tariffs set to take effect on August 1.