Trump descends from the European Union’s commercial deal while European leaders call it “offering”

Photo of author

By [email protected]


president Donald Trump On Monday, Monday defended a trade deal with the European Union as a “very large business deal”, but his enthusiasm for the agreement does not seem to be shared by European leaders, as some described the agreement as a “presentation”.

commerce Between the United States and Europe represent nearly a third of all trade worldwide, but uncertainty remains on how to announce the agreement on Sunday – which will witness a 15 % tariff for almost all European Union goods sold in the United States – not only affecting European Union companies but American consumers.

“We have just fell on a very big trade deal, the largest of them,” Trump said, sitting next to him. British Prime Minister Kiir Starmer In Scotland on Monday.

President Donald Trump is walking with European Commission President Ursula von der Lin

President Donald Trump is walking with European Commission President Ursula von der Lin, in Turnberry, Scotland, Britain, July 27, 2025. (Reuters photos / Evlin Hakstein / Reuters)

China, India feeds the war machine Russia by ignoring international sanctions: Report

The United Kingdom, which is no longer part of the European Union, is expected to cancel its commercial arrangements with Trump on Monday after obtaining a wide agreement last month.

However, despite Trump’s approval of idealAnd that some praised by the victory of the American president, and some European leaders criticized him.

French Prime Minister Francois Bayro wrote on X.

French President Emmanuel MacronAnd, which is the second largest economy in the European Union, has not yet commented.

The general tone was subjected to the deal on Monday, as many prominent officials described it as the least bad options that the European Union was staring at.

“This is clear that this is the best deal that we can face under very difficult circumstances,” said European Union Trade Commissioner Marus Sevkovic.

Sefcovic, the highest commercial representative of the European Commission, pointed out that the 30 % customs tariff that Trump threatened had proven “much worse” for the mass.

Other European Union leaders indicated that at least the deal has set a form of clarity when dealing with the first trade partner in the first country.

“We do not celebrate this exactly – it is not a situation that this is a good thing, but perhaps the less bad option is based on what we were facing two days ago, which is a 30 % tariff,” Irish State Minister Neil Richmond said in an interview with BBC. “This is not like any commercial deal I had previously faced, in the fifteen years of individual work in the commercial deals of the European Union. This is what it is and we advance.

Trump meets with the Irish offer, Michelle Martin

President Donald Trump, right, and Irish Tawish Michel Martin talk to journalists before meetings at the White House in the White House on March 12, 2025 in Washington, DC (Photo by Chip Somodevilla / Getty Images / Getty Images)

Treasury Secretary Pisent details The Trump administration plan to address China’s economic imbalances

“We don’t want TatroveThe definitions are a bad thing. We want to settle for companies, and we have that day. “

Swedish Minister of Trade Benjamin Dosa described the deal as a “less bad alternative”, while Spain has shown more enthusiasm, as Prime Minister Pedro Sanchez said he supported the deal, but “without any enthusiasm.”

While German Chancellor Friedrich Mirz, the leader of the European Union’s largest economy, has taken a little more pragmatic approach and said: “This agreement has succeeded in avoiding the trade conflict that would have reached the German economy directed towards export.”

While American consumers are expected to clarify the growing cost bill to a large extent, American markets can benefit from the deal, especially Car makers, With the European Union agreed to drop the customs tariff on US cars from 10 % to 2.5 %, while a 15 % tariff will be carried out on all imported European Union cars.

The European Union also agreed to invest in US energy in a step to further move away from Russian oil in the war in Ukraine – a step that the bloc enjoys I already took a large extent With only 1 % of its oil needs from Russia in the first quarter of 2025, a decrease from 30 % in 2021 before the invasion.

Toyota manufacturing station in France

Employees are working on the Yaris Cross cars collection line at the Toyota Motor Motor Motor France Factory in OnNAING near Valenciennes, France, on April 4, 2024. (Benoit Tesseh / Reuters)

Get Fox Business on the Go by clicking here

“We will replace Russian gas and oil with large purchases of liquefied natural gas (naturally texture), nuclear fuel and nuclear fuel,” said European Union President Ursula von der Layin on Sunday.

According to Trump, the European Union will purchase $ 750 billion in US energy and increase its investments in the United States by $ 600 billion.



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/11/0/0/trump-1-scaled.jpg?ve=1&tl=1

Source link

Leave a Comment