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Europe 'Capitulated' on US Tariff Deal, Says Ibec CEO

Summary by RTÉ
CEO of Ibec Danny McCoy has described the deal reached by the European Union and the United States on trade tariffs as a capitulation by Europe.

7 Articles

Lean Right

Analysis of economists Susana Peralta and Vera Gouvea Barros regarding the trade agreement between the United States and the EU. An agreement that "damaged free trade" and will be paid by North Americans.

·Portugal
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Trump raises tariffs to 15% and achieves an EU commitment to invest $750 billion in US energy over the next three years.

US President Donald Trump announced on Sunday that the United States is imposing 15% tariffs on all European Union countries. But not all of these countries are equally exposed to the US market and so will not all suffer the same consequences when the tariffs go into effect on August 1. In value terms, Germany is by far the largest exporter of goods to the US, which is a major outlet for its cars, steel and machine tools. These exports of goods …

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RTÉ broke the news in Ireland on Monday, July 28, 2025.
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