EU, US Reach Deal to Avoid Trump Tariff Hike Before Deadline
BloombergJUL 27
The agreement exposes the harsh reality of Trump's trade policies, forcing both sides into a damaging compromise that will hurt consumers and businesses. European companies now face punitive 15% tariffs that will inevitably be passed on to American consumers through higher prices. The rushed negotiations and vague investment commitments raise serious questions about whether this deal will deliver the promised benefits or simply create new economic uncertainties.