US Edition
France's Macron says EU-US trade deal 'not the end of it'
FRANCE, JUL 31 – The EU-US deal sets 15% tariffs on most EU exports and includes $600 billion in EU investments in the U.S., but faces criticism over trade imbalances and excluded sectors like wine and spirits.
- On Sunday, European Commission President Ursula von der Leyen clinched a framework accord with US President Donald Trump, including 15% tariffs and $600 billion in investments and $750 billion in energy purchases.
- Amid the threat of crippling levies, Trump threatened the EU with 30% tariffs before the August 1 deadline.
- Tariff provisions state EU exports will face 15% tariffs, lower than threatened 30%, and EU countermeasures are suspended until August 7.
- Amid the announcement, French President Emmanuel Macron expressed fury, saying the bloc was not 'feared enough', while French Prime Minister François Bayrou called it a 'dark day' of submission.
- Looking ahead to follow-up talks, China's senior diplomat Shi Mingde warned the agreement may deepen the EU's dependence and undermine strategic autonomy.
83 Articles
83 Articles
Trump is driving his customs policy further: tariffs will also be imposed on low-value parcels in the future. The US has agreed on customs agreements with several countries. France's President Macron expressed clear criticism of the deal with the EU.
The president of Farmindustria Marcello Cattani: "The agreement on duties is a good compromise. If they were to take at 200%, the US would find themselves without medicines. The Commission is not doing anything against the competition of the Dragon.The Union would be ready to freeze counter-tariffs for six months. Macron critical: "Europe not quite feared" . Giorgetti restrains subsidies: "Soon to talk about it."The special contains two articles.
The French president contests the soft line. Many ready to follow him
Three days after the conclusion of the trade agreement between the European Union and the United States, Emmanuel Macron came out of his reserve to comment on the terms of the agreement. The Head of State considered that Europe "does not live as a power" and outlined the next steps in the matter.
EU admits it can't guarantee $600B promise to Trump
The extra investments pledged under the trade deal would come from private companies, which Brussels conceded it has no power to control. The European Union has admitted it doesn't have the power to deliver on a promise to invest $600 billion in the United States economy, only hours after making the pledge at landmark trade talks in Scotland. That's because the cash would come entirely from private sector investment over which Brussels has no au…
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- 34% of the sources lean Left, 34% of the sources lean Right
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