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Home Business & Economy

The trade deal with America shows the limits of the EU’s power

Spluk.ph by Spluk.ph
July 31, 2025
in Business & Economy
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The trade deal with America shows the limits of the EU’s power
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“To be free, it is advisable to be feared,” mentioned Emmanuel Macron, the French president, on July thirtieth. “We weren’t feared sufficient.” He was talking three days after Ursula von der Leyen, the European Fee’s boss, had agreed a one-sided commerce take care of President Donald Trump at his Turnberry golf course in Scotland. The settlement entails greater tariffs on European items with none retaliation in form. This humbling asymmetry was shortly condemned by the continent’s politicians and press. However the European Union (EU) had good causes for its faint-heartedness. It needed to make sufficient concessions to maintain Mr Trump engaged in Europe, whereas limiting the injury to its personal economic system. For now, it appears to have completed that.



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