FabSwingers.com forum: USA & EU agree terms

By *eroy1000 OP Man
8 hours ago

milton keynes

It nearly went to the wire but it appears that the USA and the EU have struck a deal concerning the threatened tariff increases. It was to be 30% but now agreed at 15%. It does not seem to have been warmly welcomed by the EU member states. The BBC article opening paragraphs:

Leaders from Europe's two largest economies have led a chorus of gloomy reactions to the trade deal struck between EU chief Ursula von der Leyen and US President Donald Trump.

German Chancellor Friedrich Merz said the agreement would "substantially damage" his nation's finances, while French Prime Minister Francois Bayrou said it was tantamount to "submission

On the up side it provides some certainty for business but could they have achieved better? Should they have retaliated as they originally suggested?

By *ostindreamsMan
7 hours ago

London

EU is getting bashed on all sides for this agreement which is apparently lop-sided in US's favour.

By *uffelskloofMan
7 hours ago

Walsall

UK US deal much better.

Another Brexit benefit.

By *otandDashCouple
7 hours ago

Farnham

EU clearly panicked/caved in after UK and Japan secured deals , US trade tariffs on EU Goods are worth trillions to the US over the next few decades.

By *rDiscretionXXXMan
34 minutes ago

Gilfach

"US trade tariffs on EU Goods are worth trillions to the US over the next few decades."

They won't last for a few decades. The tariffs will be dropped as soon as inflation gets too high. They certainly won't be kept by the next president.