EU Defends Trump Trade Deal Facing Backlash
- On Sunday in Scotland, the U.S. and European Union reached a trade deal that includes a 15% tariff on the majority of EU exports to America, following discussions between American and EU leadership.
- The deal followed rising trade tensions and tariffs imposed since April, including a threatened 30% tariff that pressured negotiations before a looming deadline.
- While the agreement reduced uncertainty and included a $600 billion investment pledge and increased EU purchases of U.S. energy and military equipment, unresolved questions and tariff increases remain.
- Von der Leyen called it "the best we could get," noting the 15% tariff rate is significant but better than feared, and some European leaders remain cautious about the impact.
- The deal averted a deeper trade war but will continue to affect automotive supply chains, with industry representatives warning it will cost billions and require further talks.
30 Articles
30 Articles
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Trump brags about new trade deal that will hike costs
President Donald Trump on Sunday announced a major trade deal with the European Union, which he portrayed as a major policy win, but American families are likely to see significant cost increases as a result. Trump announced the deal after meeting with European Commission President Ursula von der Leyen. The agreement will impose a 15% tariff on most goods imported from European countries, which is below the 30% rate that Trump had previously thr…

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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