💨 Abstract

The European Union's trade agreement with the Trump administration has received varied reactions. EU officials claim they prevented a total economic disaster, while French officials argue the EU conceded too much. The deal imposes a 15% tariff on most U.S.-bound European goods and lacks agreements on key sectors like pharmaceuticals and steel. Some economists warn it's vaguely drafted and could have long-term consequences. French officials criticize the deal as unbalanced, highlighting a trade deficit in services.

Courtesy: WTOP Staff