💨 Abstract

France's prime minister called it a "dark day" for the EU, citing a perceived "submission" to U.S. tariff demands. The EU agreed to a 15% tariff on European goods, which will enter force on Friday. Criticism arose, especially noting Europe's dependence on the U.S. for security and trade, particularly amidst the ongoing Russia-Ukraine conflict. This deal involves a commitment to buy American oil and gas, reducing reliance on Russian energy.

Courtesy: WTOP Staff