A dark day for Europe, the French Prime Minister described François Bairou the trade agreement USA – EU for trade and investment.
It is noted that the US and the EU They ended up in a framework for a trade agreement, ending a confrontation between two of the world’s largest economic partners.
“It’s a dark day when an alliance of free peoples, united to claim their values and defend their interests, decides to submit,” Baire wrote in X shortly after the announcement of the trade agreement EU-PPA, between European Commission President Ursula von der Laien and US President Donald Trump.
Van der Leyen-Trump agreement: it is a dark day that when an alliance of free peoples, gathered to assert their values and defend their interests, resolves to submission.
– François Bayrou (@Bayrou) July 28, 2025
Following negotiations between US President Donald Trump and Commission President Ursula von der Layen in Scotland, the two leaders They agreed to 15% from the US to all European products.
Sergei Lavrov: There will be a “very hard blow” to European industry
The head of Russian diplomacy Sergei Lavrov He said today that the agreement announced the previous day between the US and the EU, which provides for 15% duties on imported European products, will bring about “Very harsh blow” in European industry.
“Such an approach will lead to the further de -industrialization of Europe, to a shift in investment from Europe to the US and will certainly be a very harsh blow,” Sergei Lavrov commented during a forum near Moscow.
The deal was announced during a meeting between US President Donald Trump and European Commission President Ursula von der Laien yesterday in Scotland.
On the one hand it provides 15% duties on imported European products, while on the other hand, the EU is committed to energy markets of $ 750 billion – mainly to replace Russian gas – and additional $ 600 billion in the US.
Lavrov said it was “clear” that American energy resources would be “significantly more expensive than the Russians”.
According to him, this agreement will have a negative impact on “energy prices” as well as agriculture and industry in Europe.
Germany: GDP reduction by 0.15% within the year will cause US duties
Germany’s GDP reduction by 0.15% within one year and losses of 6.5 billion EURO will be triggered by duties agreed between the European Union and the US, estimates the Kiel Institute. The consequences for the European economy will also be noticeable.
The Kiel Institute for the World Economy (IFW) calculated exclusively for Handelsblatt the short -term impact of 15% and 50% on steel and aluminum general duties and provides losses of 6.5 billion euros for the German economy and a reduction of 0.15%.
For the European Union as a whole, the decline is estimated at 0.1% – to 0.01% for France and 0.02% for Italy. IFW, however, clarified that his estimates are based on particularly volatile elements and may be adjusted in the future, as they do not include e.g. EU’s intention to reduce selected duties for US cars and agricultural products.
The German financial newspaper at the same time highlights the possible future problems from yesterday’s agreement: “Furable details can also lead to new conflicts,” Handelsblatt says with a look at potential new tariffs on sensitive goods, such as medicinal products, and the US -based drugs and microchips.
In its article, the newspaper also stresses that Donald Trump did not suddenly became “Promotable”, especially in commercial policy and describes the US president’s strategy as “uncertainty as a lever of power”.
In the same spirit, The Director of the German Economic Institute (IW) of Cologne Michael Hutter He warned of further abuses from the US: “We cannot rely on tranquility now, especially because purchases and investment commitments are difficult to adhere to accurately. Donald Trump will never completely withdraw the duty of duties from the table, “Mr Hutter told the newspapers of the media Group.
The German car industry, however, welcomed the deal, while also warning of burdens on companies in the industry. “It is essentially positive that there was a further escalation of the trade dispute, but it is also clear that the 15% will cost billions of euros in German automakers and will be particularly burdened in a phase of their transformation,” said the German President.
What does the EU – US agree
US President Donald Trump and European Commission President Ursula von der Laienne ended up yesterday (27/07/2025) in a tariff deal in Meeting-Express they had in Turnbury, Scotland.
“We came to an agreement,” Trump announced, describing her as ‘The greatest’ ever achieved in commerce and distinguishing it a promise of “unity and friendship”.
Von der Layen greeted a ‘Good agreement’ that will bring ‘stability’ For businesses on both sides of the Atlantic.
Trump described the deal in a few lines: 15% tariffs on imported European products, including cars, the EU is committed to buying energy products of $ 750 billion and making additional investments of 600 billion in the US.
The agreement should be ratified by EU member states.
For her part, commenting on the agreement, von der Laienne said that 15% duties will apply to most European exports, including cars, semiconductors and drugs. Especially for the automotive industry, he said the 15% duties were “the best we could achieve.
The two sides agreed to zero duties on either side for certain items, such as Aircraft and aircraft spare parts, some agricultural and some chemicals. He added that Europe will buy large quantities of liquefied natural gas from the US.