US EditionTreasury Yields Fall Following US-EU Trade Agreement
33 Articles
33 Articles
The trade agreement between the European Union and the United States, signed a few days ago, is in a situation that does not allow us to look at it on the ground. We are already faced with major pressures: a budgetary deficit that pushes all public policies into austerity logic, a historical summary of the increase in defence costs to 5% of GDP and an economic context in which the new trade framework can reduce annual economic growth by 0.2%.
Announced on Sunday July 27, the agreement between Trump and Von der Leyen which provides for the surtax of 15% of European goods exported to US territory excludes certain products, but Washington and Brussels statements on these exemptions differ.
The Mexican peso weakened this Monday in the face of a widespread strengthening of the dollar after the announcement of the weekend that the United States and the European Union reached a trade agreement. The exchange rate quoted at 18,6523 pesos to the dollar, with a loss of 0.71% for the Mexican currency compared to 18,5210 units of the LSEG reference price on Friday. The leading S&P/BMV IPC stock index lost 1.17% to 56 thousand 652.16 points.…
In addition to 15% tariffs on exports, the EU will buy $750 billion in energy from the US and invest an additional $600 billion.
Europe chose to trade with the US, even if it could defend its interests, but everyone would benefit from it, the Chancellor of the Federal Republic of Germany said.
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