Trump hails EU trade deal while European leaders call it ‘submission’

President Donald Trump defended his final commerce settlement with the European Union on Monday as a ‘very giant commerce settlement’, however his enthusiasm for the settlement doesn’t appear to be shared by European leaders, the place some describe the settlement as a ‘entry’.

Commerce between the US and Europe is sweet for nearly a 3rd of all commerce worldwide, however the uncertainty stays about how the settlement introduced on Sunday – which is able to see a charge of 15% on virtually all EU items offered within the US – won’t solely have an effect on EU firms, but in addition American customers.

“We’ve simply signed a really giant buying and selling deal, the most important of all,” Trump stated whereas she was subsequent to one another British Prime Minister Keir Starmer In Scotland on Monday.

President Donald Trump shakes the hand of the European Fee Chairman Ursula von der Leyen, in Turnberry, Scotland, Nice Britain, July 27, 2025. (Reuters / Evelyn Hockstein / Reuters -photos)

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The UK, which is not a part of the EU, is anticipated to iron its personal commerce preparations with Trump on Monday after reaching a broad settlement final month.

Regardless of the approval of Trump for the EU deal, which has been praised by some as a victory for the American president, it was dissected by some European leaders.

“It’s a darkish day when an alliance of free peoples, introduced collectively to substantiate their widespread values and defend their widespread pursuits, resigns themselves to submission,” wrote French Prime Minister Francois Bayrou on X.

French President Emmanuel Macron, who represents the second largest economic system within the EU, has not but given public feedback.

The final tone across the deal was modest on Monday, with completely different main officers who describe it because the least of the dangerous choices that stared down the EU.

“That is clearly the most effective deal we will get beneath very tough circumstances,” stated EU buying and selling commissioner Maros Sefcovic, says Reuters.

Sefcovic, the highest consultant of the European Fee, identified that the 30% charge that was initially threatened by Trump would have been “a lot, a lot worse” for the block.

Different EU leaders identified that the deal has no less than decided a type of readability when coping with the primary buying and selling companion of the 27-person nation.

“We do not rejoice this – it’s no case that this can be a good factor, however it’s in all probability the least dangerous choice primarily based on what we have been confronted with a number of days in the past, the prospect of a charge of 30%,” stated Irish State Neale Richmond in an interview on Monday morning with the BBC. “This isn’t like each commerce settlement I’ve ever skilled earlier than, in my 15 odd years of engaged on EU commerce agreements. It’s what it’s and we are going to proceed.

President Donald Trump, Proper and Irish Taoiseach Micheal Martin converse with journalists previous to conferences within the Oval Workplace within the White Home on March 12, 2025 in Washington, DC (Photograph by chip somodevilla / getty photos / getty photos)

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“We do not desire a charge battle, charges are a foul factor. We would like stability for firms, and we’ve that at this time,” he added.

The Swedish Handelsminister Benjamin Dousa described the deal as ‘the least dangerous various’, whereas Spain confirmed little extra trade, with Prime Minister Pedro Sanchez stated he supported the deal, however ‘with out enthusiasm’.

Whereas the German Chancellor Friedrich Merz, chief of the EU’s largest economic system, adopted a barely extra pragmatic method and stated: “This settlement was capable of want a commerce battle that the export -oriented German economic system would have hit arduous.”

Though American customers are anticipated to largely promote the invoice of the elevated prices, the American markets may benefit from the deal, particularly automotive producers, as a result of the EU agreed to decrease his charges on American automobiles from 10% to 2.5%, whereas a charge of 15% might be applied on all of the EU vehicles.

The EU additionally agreed to put money into American power in a motion to go additional away from Russian oil within the midst of the battle in Ukraine – a step that the block has already largely taken As a result of within the first quarter of 2025 it solely imported 1% of its oil will increase from Russia, in comparison with 30% in 2021 previous to the invasion.

Staff work on the Yaris Cross Automobile Meeting Line within the Toyota Motor Manufacturing France manufacturing unit in Onnaing close to Valenciennes, France, on April 4, 2024. (Benoit Tessier / Reuters)

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“We are going to exchange Russian fuel and oil with vital purchases from US LNG [liquified natural gas]Oil and nuclear fuels, “stated EU chef Ursula von der Leyen on Sunday.

In line with Trump, the EU will purchase $ 750 billion in American power and its funding within the US elevated by $ 600 billion.