EU-US trade deal will come with economic consequences, German industries warn

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EU-US trade deal will come with economic consequences, German industries warn  German Chancellor Friedrich Merz has expressed his satisfaction with the agreement between the European Commission president and the US president. Representatives of German industry are also relieved, but warn of future losses.   READ MORE : http://www.euronews.com/2025/07/28/us-eu-trade-deal-will-come-with-economic-consequences-german-industries-warn  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00After the European Union and the United States secured a tentative trade deal,

00:07many leaders have expressed skepticism about its terms.

00:11French Prime Minister Francois Beirut called it a dark day as Europe resolved to what he called submission.

00:17Others, including Spanish Prime Minister Pedro Sanchez,

00:20expressed support to the European Commission for reaching a deal

00:23while expressing reservations about its content.

00:26The deal is preliminary and needs to be further fleshed out,

00:46but would introduce a 15% tariff for the vast majority of EU products.

00:50The tariff for US exports bound for the EU market was not immediately clear.

00:56It will still be necessary to work on the agreement,

00:59because what was written yesterday is an agreement not directly related to the maximum,

01:04so in the details of some of the things we need to go, so there is still to fight.

01:09European Commission President Ursula von der Leyen said the 15% tariffs were across the board and all-inclusive.

01:16She added that it would bring stability and predictability to businesses,

01:20a statement echoed by Germany's Minister for Economic Affairs.

01:23The 15% rate is lower than the 20% rate Trump first announced,

01:43but critics say it represents a concession from the EU towards the US.

01:47achenroちux.com

01:50The 15% rate ofians

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02:01moreoln compta

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02:06more than the EU deviating

02:06and the EU

02:09to the EU

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