US Edition
US Flattens EU: Brussels Is Too Weak to Be a Pole in a Multipolar World
11 Articles
11 Articles
Under the fire of criticism, Brussels presented on Monday the trade agreement with the United States of Donald Trump as the "best" compromise possible in a "very difficult" context. It still needs to be specified in a joint declaration between the two partners expected by 1 August. This is what we know at this stage.
After the end of the US-EU customs dispute, Europe's stock markets climbed to a four-month high. But there is also criticism that the EU has made too many concessions.
The European Union agreed to a 15 percent tariff with the United States to avoid a trade war. Europe is now hoping to get exemptions to mitigate its impact.
Spain is one of the countries least exposed to the tariffs contained in the agreement between Washington and Brussels. Only its agri-food sector will be affected mostly. But the country will increase its dependence on US gas at a higher price and will suffer the consequences of the loss of economic and strategic autonomy of the EU.
The aviation industry has achieved exactly what it wanted with the agreement between the US President and the European Union: it will not have to pay tariffs.
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