US President Donald Trump speaks during a multilateral meeting with European leaders in the Eastern White House Chamber of Washington, the United States, on Monday, August 18, 2025.
Aaron Schwartz/CNP/Bloomberg via Getty Images
The United States and the European Union granted companies some of the pursuit of clarity as they shared new details about their trade agreement on Thursday, but there are still questions about whether the deal can be truly trusted.
Thursday to update It has widely echoed the framework announced by the United States and the European Union in July, which called for 15 % of the acquaintances of Brussels to increase spending and investing in new details in the United States on a ceiling of 15 % of customs tariffs on medicines, wood and connectors. Cars will face the same rate, but only after the European Union makes legislative changes to reduce its industrial duties.
However, European Union Trade Commissioner Marus Sevkovic suggested on Thursday that the frame was just a start, leaving the door open to future changes to the deal.
Lost details
Although it provides some clarity that affects the need, there are still many smaller aspects crucial, but decisive, missing from the current framework.
On Thursday, the silent market reaction of the drugs highlighted the investor doubts and did not mention a mention of the wine and lives sector in the deal.
Benny Nass, who leads in the allied strategic competitiveness of the Marshall Fund, told CNBC, pointing to the so -called “rules of origin”.
“These rules determine where the value is added to a product that contains multiple parts of multiple countries, and when it can be described as” European “or” American “. NAIS noticed that these rules enter into force when it comes to example, for example, with a lambs – a process in which goods may arise from a country, but they are sent to the final shipping to the United States
Meanwhile, Carsten Barzky, the global president of Macro, noted the uncertainty “caused by procedures and procedures in customs”, which he says especially affects small and medium -sized institutions.
He said that some companies are already facing problems in this regard, as companies are forced to “employ specialists in customs tariffs in order to clarify the new customs requirements.”
Trump face
Another concern is the history of US President Donald Trump Changes in fact in transformations in heart and politicsAntonio Fattis, Professor of Economics at the European Institute of Business Administration (INSEAD), told CNBC.
The president, for example, doubled the sharp steel Definitions Overnight, then quietly expanded Their scope.
Elsewhere, Switzerland was a victim to make irregular decisions of the president, as it was reported that the country was very close to the deal, however, it was withdrawn by Trump as 39 % slapped Swiss exports to the United States almost overnight.

“The real issue for business is how to define a long -term strategy with a country that is no longer a reliable partner,” Fatas said. “What was the most reliable partner in Europe has now become one of the most volatile partners, if not the worst, when it comes to economic policies,” he added.
NAIS from the German Marshall Fund has also been a danger to companies.
She said: “This deal does not include any enforcement provisions, and will not be written by Congress, which means that it may change in the direction of the American president.”
People pointed to the tariff of section 232 as an example, as Trump changed the tariff rates on some products “in notifying a moment, and the administration sought a range to cover other products without warning.”
To trust or not trust?
Therefore, companies are left with a major question: confidence or lack of trust in the deal.
“The deal is still fragile and can melt quickly,” Brzeski said in a note after the announcement, while a statement on Thursday added. He added: “The agreement contains many elements that can raise future tensions and escalation. Implementation, monitoring and enforcement of many intentions is not always clear.”
People chanted invitations for caution. While the US-European Union Agreement seems to be “more likely to stability” than some other tariff policies in Trump, such as sectoral duties, it “will require the European Union to remain on” good behavior “or risk a sudden change,” she said.
In addition to uncertainty about the stability of the United States-European deal, companies are also competing with questions related to various global transformations in the market, according to Gregor Heart, the chief investment investment in multiple assets in Allianz Global Investors.
He told CNBC companies facing many major questions: “Is the United States heading towards recession or even worse, and the structures, and how flexible corporate margins in this type of environment, especially given the high market evaluation in the United States?
“Finally, how will the transition from the liberation of global trade and institutional work framework affect the strategies of the investment chain and the long -term supply chain?” He said, adding that these tariff issues are also the key to companies’ ability to plan in the current environment.
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