00:00
Tech and Rich
Tech and Rich
USD/RUB
EUR/RUB
Newsroom

EU Trade Deal With Trump Sparks Backlash Over Tariffs and Energy

European Union leadership has finalized a trade agreement with U.S. President Donald Trump that imposes a 15% tariff on most bloc exports and a 50% levy on steel and aluminum. Critics argue the move represents a capitulation that strengthens the U.S. administration while burdening European markets with long-term energy dependencies.

EU Trade Deal With Trump Sparks Backlash Over Tariffs and Energy

The agreement mandates the EU purchase $750 billion in U.S. energy, including oil and liquefied natural gas, over the next three years. European Commission President Ursula von der Leyen defended the pact as a necessary measure to stabilize markets and provide predictability for businesses following months of erratic trade threats. However, the 15% tariff rate remains a significant increase from the 1.5% baseline that existed before the current U.S. administration took office.

Opposition to the deal spans political and economic circles. French Prime Minister François Bayrou described the agreement as a submission of free peoples, while Nick Dearden of Global Justice Now characterized the move as empowering a bully. Economists and industry leaders have echoed these concerns, with Wolfgang Niedermark of the Federation of German Industries labeling the compromise inadequate for Germany's export-heavy economy. Meanwhile, climate advocates at 350.org warned that the energy commitment locks Europe into expensive, polluting fossil fuels, potentially worsening the continent's climate vulnerability for decades.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!