US EditionEU Defends Trump Trade Deal After Backlash From Capitals and Businesses
28 Articles
28 Articles
It is difficult to think of a more complicated international environment for the European economy than the one resulting from the failed summits with China, held on 24 July in Beijing, and the unequal tariff agreement reached with the United States this Sunday in Scotland.
The political agreement reached on Sunday between Donald Trump and Ursula von der Leyen, still needs to be clarified by technical negotiations. But the main thing is known: Europe does nothing and does less well than the United Kingdom.
The 15% customs duty on most goods entering the United States from the EU, imposed under threat, is not only a vexation for Europe, but a blunder for its companies.
EU defends Trump trade deal after backlash from capitals and businesses
European Commission President Ursula von der Leyen clinched the accord of 15% tariffs on EU exports to the US with Donald Trump on Sunday. Reactions from European capitals have ranged from muted to outright hostile.
After the announcement of a trade agreement between Ursula von der Leyen and Donald Trump on customs duties, fears on the markets evaporated and the CAC 40 went up again. At its opening on Monday 28 July, the Paris Stock Exchange won 0.84%.
There is little to celebrate for the agreement reached between Donald Trump and Ursula von der Leyen. For Europe the consequences will be very serious and not short ...
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