Has the United States or the European Union appeared as a winner in the Trump deal? star-news.press/wp

The new trade agreement between The United States and the European Union The customs tariffs will be raised on the imports of goods from the European Union countries to its highest level in decades and hurts the economic growth of the trading bloc, according to some experts.

The economists said with the investment bank Sociaété Générale in a report, “It is an unlike and unbalanced deal.” The European Union decided not to take revenge or increase the definitions, and is expected to reduce it. The European Union agreed to a bad deal instead of escalating the trade war. ”

The average tariff on American imports of the European Union will increase from 1.2 % in 2024 to 17.5 %, according to Capital Consultant for investors. This will reduce the annual GDP of the European Union by 0.2 %, and the Consultative Investment Consulting Company expected.

European Union countries annually charge more than $ 300 billion from goods to the United States, which represents more than 20 % of the total imports of the United States. Mexico ranks second among trade partners in America in about 15 % of American imports, while Canada represents 11 % (see the graph at the bottom.)

The deal, which was announced by President Trump and European Commission President Ursula von der Lin, imposes a 15 % American tariff on most of the European Union imports, while American goods that were exported to the 27 member states will not face any tariff. Previously, US exports to the European Union faced an average tariff of approximately 1 %, according to Goldman Sachsins.

The European Union has also pledged to purchase 750 billion dollars from the United States, up from about 80 billion dollars per year, and investing $ 600 billion by 2028.

The American commercial agreement will enhance by increasing access to the vast market of the European Union and supporting the American manufacturing sector, according to the Trump administration.

The White House said Monday in a Fact paper About the agreement.

The White House did not immediately respond to an additional comment.

Reducing uncertainty

Although the agreement is sharply raising the customs tariff, economists said the deal will also help reduce some uncertainty about trade relations with a major commercial partner. Perhaps more importantly, it’s better than the alternative given that Mr. Trump threatened to slap 30 % tariffs on European Union imports.

On a broader scale, the European Union Agreement and the Trump Administration Agreement with Japan last week Experts said that both have set 15 % as a basic tariff – it can also help pave the way for trade agreements with Canada, Korea, Mexico and other countries, including the main sectors such as cars.

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European auto exports will face a 15 % tax, a decrease of 25 %, according to Goldman Sachs. Von Der Leyen also said that the United States will eliminate the definitions of some products, including aircraft and parts, semiconductor manufacturing equipment, natural resources, some agricultural products, and some chemicals and public drugs. Likewise, the European Union will cancel the definitions of these products.

The United States nor the European Union has not issued details of the agreement, and pressure is expected to continue by some industries. For example, Unione Italiana Vini, an Italian commercial group representing wine makers, said in a statement On Monday, a 15 % tariff for European Union imports will lead to $ 371 million to exporters.

“We are now calling the Italian government and the European Union to consider appropriate measures to protect the sector that has grown thanks to American buyers,” the group’s president, Lamberto Frekopaldi, said in a statement.

According to the group analysis, a bottle of Italian wine that was previously sold at $ 11.50 in the United States will now cost approximately $ 15 under the new tariff agreement.

The German Automobile Industry Association (VDA), which represents German automotive companies, said that the American tariffs by 15 % on the country’s car products will harm its car manufacturers, noting that the new tariff rate amounts to a postponement of the 25 % of cars confronting the European Union countries since April.

Despite the recent Trump administration’s commercial deals with the European Union, Japan, the United Kingdom and many other Asian countries, the United States is still facing a date that is self -imposed to reach agreements with Canada, Mexico and the main Korean partners.