US EditionEU Defends Trump Trade Deal Facing Backlash
- On Sunday in Scotland, the leaders of the United States and the European Commission finalized a trade deal that sets a 15% tariff on the majority of goods imported from the European Union into the U.S.
- The deal emerged from months of tariff disputes and threatened higher tariffs, with lingering unknowns prompting European governments to analyze details cautiously.
- European automakers and officials expressed relief the deal avoided a trade war but warned the retained tariffs would negatively impact the industry on both sides.
- Von der Leyen remarked that if the deal is finalized successfully, it could represent the most significant agreement either side has negotiated, while analysts considered the 15% tariff rate to be less severe than initially expected.
- The agreement eases trade uncertainty and requires further talks, implying cautious optimism but continuing challenges for transatlantic economic relations and automotive supply chains.
31 Articles
31 Articles
Europe's Far Right Blasts Trump Trade Deal as Support Wavers
(Bloomberg) — Europe’s nationalist parties have taken aim at the trade agreement the European Union announced with the US over the weekend, just as mainstream politicians have started expressing their own concerns about the deal.
Europe’s Far Right Blasts Trump Trade Deal as Support Wavers
Europe’s nationalist parties have taken aim at the trade agreement the European Union announced with the US over the weekend, just as mainstream politicians have started expressing their own concerns about the deal.
Raw Deal but Best They Could Get with Trump: Europe Dismayed, Relieved at Same Time
Get latest articles and stories on World at LatestLY. The European Union's trade agreement with the Trump administration is getting mixed reviews. EU officials say they warded off a total economic disaster. But French officials in particular say the EU punched below its weight while economists say the deal is dangerously vague. World News | Raw Deal but Best They Could Get with Trump: Europe Dismayed, Relieved at Same Time.
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EU defends Trump trade deal facing backlash
The European Union on Monday vehemently defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a "capitulation".
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