US EditionExplained: Is the EU-US Trade Deal Good for Ireland?
- Striking a framework agreement, the EU agreed to a 15 per cent tariff on exports to the US, described by critics as disastrous for Europe.
- Having to seek approval from all 27 member states, the EU’s structure is ill-suited for a multipolar world, weakening its bargaining power.
- Highlighting the deal, Taoiseach Micheál Martin said `there is much to be negotiated` following the framework agreement, which `opens up the prospect of more significant strategic collaboration`.
- Taoiseach Micheál Martin noted the agreement `avoided a damaging trade war`, providing immediate stability and predictability for businesses, consumers, and patients.
- Looking ahead, the European Union must reduce internal market barriers and diversify trade deals, or face potential difficulties if the United States halts defence financing.
7 Articles
7 Articles
In this episode, we talk about the record contract between Samsung and Tesla to supply artificial intelligence chips, Banco de Portugal's change in strategy with investment in shares, and Aanca's profits in the first semester. We also highlight the Government's new plan to strengthen electrical security, the increase in revenue required of ANA, and the agreement between the European Union and the United States to avoid a trade war.
The trade agreement between the EU and the US is good news, but there is no official written document about it yet and the details will be important, said Bojan Ivanc, chief economist of the analytical service of the Chamber of Commerce and Industry of Slovenia (GZS), in a statement to the public. Economist Rok Spruk, meanwhile, in an interview with STA, assessed the agreement as very good given the circumstances, but Brussels should do more to …
"The EU-US trade agreement brings predictability and stability, vital for Portuguese companies and the economy," said the prime minister.
Andrew MICHTA writes on Platform X that the US-EU trade agreement has sparked much debate about whether it humiliates the European Union or should serve as a wake-up call for Europe. The article, "The US-EU agreement should finally put an end to the perception of the EU as Europe" [Andrew MICHTA], comes from the website Everything that matters.
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