2025-07-28 10:30:11
Europe
USA
Economy

How Will the New EU-US Trade Deal Impact Europe's Economy?

The recent trade agreement between the European Union (EU) and the United States (US) has been met with mixed reactions across Europe. The deal, which imposes a 15% tariff on most European exports to the US, was struck to avoid a potentially damaging trade war. In return, the EU has committed to purchasing $750 billion worth of US energy exports and investing $600 billion in the US economy. The agreement also maintains significant tariffs on European steel and aluminum exports, which remain at 50%.

Critics argue that the deal disproportionately favors the US, pointing out that it primarily benefits American interests while potentially weakening the EU’s economic sovereignty. German business leaders and officials from various European countries have expressed concerns about the economic impact, highlighting the additional costs that the tariffs will impose on export-oriented industries, particularly the automotive sector. The German auto industry, for instance, faces billions in additional costs due to the increased tariffs.

Despite these criticisms, some see the agreement as a necessary compromise to maintain stable transatlantic relations and prevent further escalation. The deal provides a temporary respite for European businesses concerned about the uncertainty of US trade policies under President Trump. However, many, including economic experts, suggest that the EU must now focus on strengthening its own economy and exploring new trade partnerships outside the US to mitigate dependence on American markets.

Overall, while the agreement is seen as a pragmatic solution to an immediate problem, it underscores the challenges of negotiating favorable terms with a US administration known for its aggressive trade stance. European leaders must now navigate the complex landscape of global trade to ensure economic resilience and growth.

The Guardian
27. Juli 2025 um 23:42

EU delegation poised for Trump trade talks in Scotland

A high-level EU delegation has arrived in Scotland to meet with the Trump administration, hoping to reach a breakthrough trade deal and avoid an escalating trade war. The talks, which will take place at Trump's Turnberry golf resort, are seen as a critical moment for EU-US relations. While Trump has expressed optimism about the chances of a deal, the EU remains cautious due to the unpredictability of the US president. A successful agreement would be a significant achievement for Trump, demonst..
AFP
27. Juli 2025 um 13:37

Agreement in the trade dispute between the USA and the EU is emerging

An agreement in the trade dispute between the USA and the EU is emerging. According to EU diplomats, there is to be an agreement with US import tariffs of 15% and numerous exceptions. In return, the EU must buy more US liquefied gas and commit to investments. Some questions, especially about tariffs on medicines and pharmaceutical products, are still open. EU Commission President von der Leyen and US President Trump will meet in Scotland on Sunday to discuss trade relations.
Tagesschau - Wirtschaft und Börsen-Nachrichten
28. Juli 2025 um 02:19

Agreement in the Trade Dispute High Price for a Little Relief

The agreement between the EU and the USA in the trade dispute is viewed critically by business representatives. The deal does create short-term stability, but has high costs for the German and European economy. Further negotiations and free trade agreements with Mercosur, India, Indonesia and Australia are necessary to strengthen competitiveness.
New York Times - Business
28. Juli 2025 um 04:01

U.S. and China Meet as Trade Truce Nears Expiration

Top U.S. and Chinese officials are meeting this week in Sweden to discuss extending a fragile trade truce and prevent an economic clash between the world's largest economies. The negotiations come as the Trump administration has been trying to secure trade deals with major partners like Japan and the European Union, including new tariffs, before a looming August 1 deadline.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!