France and Germany Slam EU-US Trade Deal as “Submission”

WooGlobe

France and Germany are furious over a new US-EU trade deal struck between President Trump and EU Commission chief Ursula von der Leyen. Germany’s Chancellor says it will &quot;substantially damage&quot; the economy, while France calls it &quot;submission.&quot; The deal lowers US tariffs from 30% to 15% on EU exports but demands more energy purchases and import concessions from Europe. Critics see it as a diplomatic retreat, while others call it necessary to avoid a trade war. Here's what you need to know. WooGlobe Ref : WGA422669 For licensing and to use this video, please email licensing@wooglobe.com

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00:00Europe's two biggest powers just slammed a major U.S.-EU trade deal, and here's why that matters.

00:06The agreement was struck between European Commission Chief Ursula von der Leyen and U.S. President Donald Trump at his Scottish golf course.

00:14But leaders in France and Germany are calling it a disaster.

00:17Germany's chancellor said it would substantially damage their economy.

00:21France's prime minister went even further, calling it submission.

00:25So what's in this deal?

00:26Well, Europe avoids a full-blown trade war by accepting a 15% tariff on most of its exports to the U.S.

00:33In return, Europe agrees to buy more American energy and lower some import taxes.

00:38That's half the tariff Trump originally threatened, but still a big blow.

00:42Some leaders like Hungary's Viktor Orban backed Trump, while Spain offered support without enthusiasm.

00:48Others said the deal brings predictability and certainty for businesses.

00:52But even von der Leyen's own political allies are calling it damage control.

00:57With all 27 EU countries needing to approve it, the deal's future remains uncertain.

01:02One thing's clear.

01:03The EU blinked.

01:04And it may cost them more than just money.

01:06One thing's clear.

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01:14It may cost them more than just money.

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