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28 Jul 2025, 11:16

Europe Signs Agreement with the USA to Prevent Trade War

  • The EU has signed an agreement with the USA to prevent a trade war.
  • The tariff on imports from the EU is set at 15%, which is lower than previously planned.
  • European leaders express concern regarding the conditions of the agreement.

On July 28, 2025, the European Union announced the signing of a preliminary trade agreement with the United States. This agreement is a response to tariffs imposed by President Donald Trump in April 2025, which threatened relations between the two parties. At a meeting in Scotland, Trump and Ursula von der Leyen, the head of the European Commission, presented the main provisions of the agreement.

Along with the agreement, a 15% import tariff on most goods from the EU will be implemented, which is significantly lower than the previously planned level. The agreement aims to eliminate economic losses, and many European leaders have expressed concerns regarding its sustainability. For example, the German Chancellor, Friedrich Merz, emphasized the importance of maintaining EU unity and stability for business, but pointed out the need for more favorable terms in the agreement.

The Italian Prime Minister, Giorgia Meloni, noted that more details are needed for evaluating the agreement, while the French Minister for European Affairs, Benjamin Haddad, described the agreement as "unbalanced" and "insufficient." Despite the criticism, global markets reacted positively to the news of the agreement, but experts warn that the situation remains tense.

Tags: USA/Europe/Politics/Economy

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