Paris12 minutes ago
- Copy link
The French PM says that Trump’s tariff in Europe has been succumbed to the pressure.
The trade deal on Sunday between US President Donald Trump and European Union (EU) president Ursula von Der Leyen has been criticized by France. French Prime Minister François Bero described it as a black day for EU.
Bero said that EU succumbed to President Trump’s growing tariff pressure. He wrote on X-
It is sad when the alliance of independent countries, which was formed to protect its shared values and interests, bends under pressure.
At the same time, French Minister of European Affairs Benjamin Hadad said that this situation is not good and EU should take retaliation. French Business Minister Laurent St.-Martin said- Trump only understands the language of strength. We should have already retaliated, so perhaps the deal would have been better. “
However, French President Emmanuel Macron has kept silence on the matter.
Italy-Germany welcomed trade deal German Chancellor Frederick Martz and Italian Prime Minister Georgia Meloni welcomed the agreement. European Trade Commissioner Marosh Sefachovich described it as a “big step”, as it averted the trade war between the US and Europe.
Under this agreement, most of the goods from Europe to America will be charged 15% tariffs, which is three times more than the current 4.8%. However, 30% of tariffs could be avoided after Trump’s threat till 1 August.
US President Donald Trump and European Commission Chairman Ursula von Der Leon met on Sunday in Turnberry, Scotland.
70% of Europe’s goods will be charged 15% According to the details of the agreement, 70% of Europe’s goods will be charged 15%. It includes cars, medicines and electronics goods.
However, there will be no tariff on some agricultural products such as the aircraft parts, some chemicals, semiconductor equipment and cork. There will not be any tariff on medicines, and even if it is in future, it will not be more than 15%.
EU will buy energy worth $ 750 billion i.e. about 64 lakh crore rupees from the US in the next three years. Along with this, EU will invest $ 600 billion in America i.e. 51 lakh crore rupees.
Negotiations were going on for 7 months on tariff
The European Union and the US were talking about the tariff for the last 7 months. However, EU was not giving any special discount. However, EU was soft and agreed after Trump’s 30% tariff threats.
The European Union is the third largest economy in the world. It consists of 27 countries in Europe. The US, European Union has a trade of about $ 3.5 billion every day. At the same time, Mexico is the largest trading partner in America.
