France and Germany lead downbeat EU response to US trade deal
Summary
France and Germany have expressed concern over a trade deal between the EU and the US, saying it could harm their economies. The agreement introduces a 15% tariff on most EU exports to the US, less than the originally threatened rate, while Europe agrees to buy more American energy. The deal requires approval from all 27 EU members, and although some leaders are unhappy, none have stated they will block it.Key Facts
- France and Germany are worried the EU-US trade deal will harm their economies.
- The agreement sets a 15% tariff on most EU exports to the US.
- Europe will buy more American energy and lower taxes on some imports.
- The deal must be approved by all 27 EU members, each with different interests in US trade.
- No EU country has said it will block the deal, despite some dissatisfaction.
- The deal aims to prevent a full-scale trade war, which would have been worse.
- Discussions took place at Trump's golf course in Scotland.
- The EU's trade commissioner said the deal was the best possible under tough conditions.
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