Trump EU Trade Deal | BREAKING

Major news coming in just now. US and

European Union close in on a 15% tariff

deal per the Financial Times. It is so

early this news. It's not even on the

Financial Times yet. I'm sure it will be

soon, but the uh data that we're getting

from the news wires is that we're

closing in on a 15% tariff deal.

Brussels will agree to the reciprocal

tariff levies to avoid the president's

threat to raise the tariffs to 30% on

August 1st. We're a week away from

August 1st. EU is the the biggest

trading partner with the United States.

Like this is this is huge. This is a

really big deal and I think that's why

you know markets a little optimistic

right now in response to this. You know

the Q's jumped up about 20 basis points

which is really quite bullish. uh and uh

shows you though unfortunately as we

called on the alpha report this morning

rocket's probably going to go down to

1598 and it's still stuck there. Make

sure you get your alpha report if you

have not yet. Uh use coupon code release

the files. Uh and of course open door

continues to sell down which we also

called uh in the alpha report. So make

sure you get those. Those are very very

clear setups for trading I think. But

anyway, other news here is EU and US

would wave tariffs on some products

including aircraft, spirits, and medical

devices.

So, uh, basically Airbus planes and

Boeing planes waved. The Trump

administration seems really gung-ho on

promoting Boeing. You, if you haven't

noticed yet, in multiple deals that

we've done, there has been an agreement

by the companies uh to buy Boeing

planes. Uh so there's obviously this

promotion again like Japan for example

is going to buy a 100 Boeing plans and

$8 billion in crops. Multiple others

like Indonesia says they're going to buy

50 Boeing jets under a trade deal. So

Trump is really taking American

companies and taking them to these

countries and saying well buy some

Caterpillar equipment, buy some Boeing

planes. Uh and so this is part of that.

The European Union will continue to

prepare a possible set of retalatory

tariffs in case they cannot agree to a

deal by August 1st. And that would be on

a package as large as 93 billion euros.

That's higher than expected. They had

previously written that down to about 7

uh2 billion. And so it looks like

they're trying to push it back up. This

is probably just in the spirit of uh the

um uh you know what's it called? Um

European Union trying to negotiate back.

Uh I do think it's very interesting that

we are

seeing this happen before August 1st

because it's really great news. We don't

know what all of the details are yet. We

don't know that it's definitely going to

happen, but this is breaking news that

we could have this deal with Europe.

This comes after the deal with Japan,

which is our fifth largest trading

partner. Finally, we're getting these

trade deals coming through, which is

great. Again, I I worry a little bit.

Watch my video this morning on Japan

where we talked about the risk factor of

this sort of central planning that we're

doing with the Japan deal. But a deal

with the European Union, absolutely

fantastic. So, I'm a big fan of this.

Uh, and it's it's a boon, frankly, to

American companies like Boeing. Again,

the other issue though that we have is

these tariffs are a lot higher than what

we've previously had. That's not to

argue that we've had free trade before.

We didn't, but our average weighted

tariffs with the European Union were

closer to, I want to say 1.8%, let me

see, trade weighted. I have this saved

and so we'll find it. But anyway, uh

closer to we'll call it plus or minus 2%

until I find the data. Uh now we're

going to be jumping to about 15% with

the European Union. So that has to get

paid somewhere. We don't yet know what

the implications of that are going to

be. Uh but um this is good and it's a

real big positive uh overall for the

stock market. I personally thought that

the market should have jumped more on

talk about this Japanese trade deal

because it sort of did set a foundation

for what's going on with negotiations

elsewhere. But I was surprised that it

didn't potentially because we're just

relatively topheavy on markets now or

we're just waiting for tech earnings and

we're really just beyond terrorists. But

uh this right now it says it's a

Financial Times reporting that we are

close to a deal. It's not technically a

deal yet, but pretty exciting.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Pra there, financial analyst and

YouTuber. Meet Kevin. Always great to

get your take.