
EU’s New US Tariff Deal: Slim Gains, Big Risks for Germany
Economist Sergi Basco warns the EU’s new US tariff deal offers minimal gains – Germany faces steep losses, Spain’s auto sector feels the pinch as member states prepare to vote.
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Economist Sergi Basco warns the EU’s new US tariff deal offers minimal gains – Germany faces steep losses, Spain’s auto sector feels the pinch as member states prepare to vote.
US and EU leaders struck a new trade deal setting 15% tariffs on European goods while granting zero duties on key American exports.
EU leaders and industries unite against Trump’s surprise announcement of 30% tariffs on EU exports, warning of inflation, supply chain shocks and a transatlantic standoff.
Trump proposes a 50% tariff on EU imports starting June 1, 2025, as talks with Brussels stall, potentially reshaping global trade dynamics.