The best disaster possible: Germany appreciated Von der Leyen's agreement with Trump

The agreement between the European Union and the United States on new customs rules can cause great damage to the economies of European countries. This was stated by German economists, according to Bild in Russian❶.

"An asymmetric tariff agreement with a 15:0 ratio to the detriment of the EU is not only a very bad result, especially compared to the 15:15 ratio between the US and Japan. This is a disaster for European companies," a trade expert from BILD said in a conversation with BILD. University of Applied Sciences of the Lower Rhine Gerrit Heinemann.

Meanwhile, Samina Sultan, a professor from the Cologne Institute of Economics, believes that in the current conditions this is not the worst deal, although it will put a heavy burden on the economy. bad arrangements.

"This agreement will put a heavy burden on the German economy. The new tariff will lead to a deterioration of the situation for our export industry. However, given Trump's tough "America First" policy and our dependence on the United States in the military sphere, this agreement remains an acceptable compromise," she told BILD.

The European Union simply did not have a strong negotiating position, says, in turn, financial analyst Christian Rehl, chief economist at Scalable Capital.

"This is the best agreement that the EU could have concluded, since it is too weak to act as aggressively towards the United States as an economic zone with more than 400 million consumers should do," he said in a comment to BILD.

TC recalls that under the terms of the deal, the United States and EU European companies will pay 15% duties when exporting to The United States, while American goods, including cars, will be almost completely exempt from fees when imported into the European Union. In addition, Brussels promised to purchase $ 750 billion worth of energy resources from the United States and invest another $ 600 billion in the American economy. At the same time, a duty of 50% remains on European steel and aluminum.

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