Leaders of Europe’s two largest economies have led a chorus of depressed reactions to the trade deal between the European Union head Ursula von Der Leyen and US President Donald Trump.
German Chancellor Frederick Merz said that the agreement would “cause considerable damage to his country’s finance”, while French Prime Minister Francois Bayoro said it was the same for “submission”.
This response is reduced in the block – although many capitals admitted that it was worth it to stop an all -out trade war to sign an uneven deal.
This will see 15% tariffs on most European Union exports to America – Half of Rate Rate by Trump – to buy more American energy and taxes on some imports in exchange for Europe.
Following personal talks at Trump’s Turnberry Golf course in Scotland, von Der Leyen described the agreement as a “huge deal”, while Trump said it would bring the US and the European Union “close” to the US and the European Union.
The deal will require approval of all 27 members of the European Union, each of which has different levels of interest and dependence on the export of goods for the US.
While no member state indicated to stop it from implementing it, there was little celebration among European leaders.
Merz warned that the economies of the US and European would be negatively affected, but also stated that Brussels interacted with the team. “No one could expect more against the US President to obtain the relationship with the leading business partners.
Bayrou was more harmful, writing on X: “This is a dark day when a coalition of free people, brought together to confirm their general values and protect their common interests, resigned to present themselves.”
Prime Minister Victor Orban, Prime Minister of Hungary, a close aide of Trump, said the US President “ate Von Der Leyen for breakfast”.
Spanish Prime Minister Pedro Sanchez said that he would support it “without any enthusiasm”.
There was some relief in Europe that a deal was done.
The Prime Minister of Finland said that it would provide a “very important prediction”, while Irish Trade Minister Simon Harris said that this certainty “brought” the necessary for jobs, development and investment “.
Defending his terms at a press conference on Monday, the European Union’s Trade Commissioner Maros Sephakovic stated that it was “the best deal that we can achieve in very difficult conditions”.
He also pointed to the safety implications of maintaining a cordial trade relations with the US in the context of the Ukraine War.
Ensuring that Europe and America were “alliances on geopolitical issues today”, he said, “came with” an additional price “.
A week of building the final EU-US dialogue was a growing hunger to increase pressure on Trump using so-called anti-coalian measures among some European leaders, which would have blocked the access to European markets for American firms.
But with 30% tariff, the European Union made a deal on behalf of its members – a one that would still give an economic blow, but a less serious one who feared when Trump had originally threatened to import taxes.
Von Der Leyen had sought to present it as a success on Sunday – but until Monday, even his European People’s Party leader, Manfred Weber described it as “damage control”.
While the extensive outline of the deal is agreed, its details will be finalized after technical talks.
The initial commercial reaction in Atlantic was similarly lower than enthusiasm. The National Foreign Trade Council located at Washington DC said that any deal that escapes from the trade war was “reception progress”.
However, it was warned that any “short -term benefit” from 15% tariffs can eventually leave America “isolated from a major partner and Trust Trust Long Term”.
The previous tariff-free governance said, industries, including aerospace and pharma, were allowed to “both sides”.
The initial deal structure leaves the “numbers of harassing the policies of the European Union”, it is said, in which it is called “discriminatory digital agenda” and “inappropriate drug reimbursement policies”.
It said that it hopes that the US would continue to suppress the European Union “to eliminate the remaining discriminatory and inappropriate obstacles”.
