US and EU agree trade deal, says Donald Trump
- The United States and the European Union reached a trade agreement on July 27, 2025, avoiding a potential trade war, as announced by President Donald Trump and European Commission President Ursula von der Leyen.
- The deal imposes a 15 percent tariff on most EU goods entering the United States, while the EU has pledged to spend billions on American energy products and military equipment.
- Brendan Carty of Killowen Distillery expressed concern about dealing with two different tariffs for U.S. and EU markets, which he fears complicates operations for Irish businesses.
- German officials described the agreement as inadequate, with Wolfgang Niedermark stating, 'Even a 15 percent tariff rate will have immense negative effects on export-oriented German industry.
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Portugal questions fairness of EU-U.S. tariff deal, warns of high costs, limited gains
LISBON, July 28 (Xinhua) -- Portugal has raised concerns over the recently concluded tariff agreement between the European Union (EU) and the United States, describing it as a limited improvement that falls short of true free trade and comes at a steep cost for both sides. Read full story
Lavrov opines that US trade deal will fuel EU's ongoing 'deindustrialization'
The agreement has dealt a "very hard blow" to a number of business sectors in the bloc, the Russian foreign minister has said The new US-EU trade agreement threatens to accelerate "deindustrialization" in Europe by redirecting investment to the US and increasing the bloc's dependency on American energy exports, Russian Foreign Minister Sergey Lavrov has said. On Sunday, European Commission President Ursula von der Leyen and US President Donald T…
The American president gets what he wants in the tariff conflict to a large extent, perhaps also because the most important economies in the EU are still not in agreement.
Although an agreement has been reached, the details and economic effects are still pending.
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