US EditionBelgian Prime Minister Cautiously Optimistic About EU-US Trade Agreement
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5 Articles
15 per cent instead of an average of 1 per cent import tariffs and investments in billions: The EU is well-known in a preliminary agreement on a strong trade partnership with the US. Not all see this as a success.
Bowing to pressure from Donald Trump, the European Union has agreed to 15% US tariffs. An unbalanced agreement with unclear outlines, analyzes economist Pauline Wibaux.
Brussels and Washington have issued separate statements about a framework trade deal reached on Sunday. The statements show that each side has its own interpretation of the agreement. This applies, among other things, to cooperation in the areas of defense and energy. In the latter, the agreement also includes the sale of American nuclear reactors to EU members, according to Brussels.
Belgian Prime Minister cautiously optimistic about EU-US trade agreement
De Wever reacted in a message on X that he is relieved, but that there is no reason to celebrate. He continues to warn about the increased trade tariffs and a number of loose ends that are still unclear in the agreement. “I sincerely hope that the United States will distance itself from the illusion of protectionism and once again embrace the value of free trade, a cornerstone of shared prosperity,” said the Prime Minister. De Wever also indicat…
The European Union and the United States have reached a long-term agreement on customs duties. The US has imposed a 15% rate on EU exports , with some cuts for certain sectors . However , the key details of the agreement remain unclear , reports Euronews .
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