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EU-US Trade Deal Faces Criticism Amid Economic Concerns

Updated: 2025-09-08 07:58 BST

Top Lines

Germany and France sharply criticize the EU-US trade deal, expressing concerns over its economic impact.
The agreement imposes a 15% US tariff on most EU imports, higher than previous levels.
European stocks decline, particularly in the automotive sector, following the announcement.

What Happened

On July 28, 2025, the United States and the European Union reached a political agreement on a trade deal, imposing a 15% tariff on most EU imports. German Chancellor Friedrich Merz criticized the deal, stating it would cause "considerable damage" to Germany, Europe, and the US itself. French Prime Minister François Bayrou labeled it a "dark day," accusing the EU of submitting to US pressure. The agreement also includes commitments from European states to purchase $750 billion in energy and $600 billion in additional investments from the United States. (ft.com)

Why It Matters

Economic Impact: The 15% tariff is a significant increase from previous levels, raising concerns about inflation and trade relations.
Market Reactions: European stocks, especially in the automotive sector, have declined following the announcement.
Political Tensions: The deal has strained EU-US relations, with European leaders expressing dissatisfaction over the terms.

Key Numbers / Facts

15%: New US tariff rate on most EU imports.
$750 billion: Energy purchase commitment from European states to the US.

Timeline (Today, 2025-09-08)

07:58 BST: Germany and France criticize the EU-US trade deal, expressing economic concerns.

Sources

Financial Times – Germany and France hit out at EU-US deal — published 2025-07-28 16:28 BST
Financial Times – Germany and France hit out at EU-US deal — updated 2025-07-28 16:28 BST