Who is the winners and losing in the US-EU trading transactions?

James Fitzgerald and Tom Geogegon

BBC NEWS

Getty Images Donald Trump, dressed in a suit, to meet with Ursula von der Leyen from the EU to golf -buzz tunkberry in ScotlandGets the image

The US and the EU have impressed what is exposed as the largest trade transaction in history after negotiations in Scotland.

This is actually reminiscent of the basis for the agreement rather than a complete trading transaction, with details, still unclear.

But the uppercase figures announced by President Donald Trump and the main EU Ursula von der Leyen offer clues on which sectors and groups can be most affected or most affected.

Trump – winner

Following the promising new trade deals with dozens of countries, Trump has just landed the biggest of all.

Most commentators look like the EU has abandoned more, with an instant analysis of the capital economy, which suggests 0.5% knocking on GDP.

There will also be tens of billions of dollars poured into the US treasury into import taxes.

But the Black Trump headlines can last long, when a number of economic data appeared this week, which is a radical change in the US economy.

Figures for inflation, jobs, growth and confidence in consumers will give a clearer picture whether Trump’s tariffs can provide pain or profit.

American consumers – a loser

Ordinary Americans have already suffered from increasing the cost of life, and this transaction can add a load to hiking EU goods prices.

Although not as cool as it might have been, the obstacle, presented by 15% of the tariff rate, is still significant, and it is much more pronounced than the obstacles that existed before Trump returned to the post.

Tariffs are taxes levied on goods purchased in other countries. Usually they are in percentage of the product value. Thus, the tariff by 15% means that the product of $ 100 in the US with the EU will be added a tax per $ 15 at the top – by taking the total value of the importer up to $ 115.

Companies that bring foreign goods to the US should pay the government tax, and they often transfer to customers some additional costs.

Markets – winner

Stock markets in Asia and Europe grew on Monday after the news frame news appeared.

The US will charge the tariff by 15% on goods imported from the EU. Although this rate is significant, it is less than it can, and at least offers certainty for investors.

The agreement is “clearly convenient for the market, and should invest further in the euro,” said the AFP Australian broker, which runs in the euro.

European Solidarity – Loser

The transaction must be signed by all 27 EU members, each of which has different interests and levels of dependence on export of goods to the US.

While some members give the agreement a cautious reception, others were critical – hinting at divisions within a block that also tries to respond to other crises such as the current war in Ukraine.

French Prime Minister François Bayer commented: “This is a dark day when the union of free peoples gathered to confirm their common values and defend their common interests, refuses to represent.”

He was joined by at least two other French government ministers, as well as Victor Orban, a Hungarian leader who said Trump “ate von der Leyen for breakfast”.

Cars in Germany – a loser

The tariff facing importers brought by EU cars to the United States has almost halved from the rate of 27.5%, which was imposed by Trump in April to a new rate of 15%.

Cars are one of the main EU export to the US. And as the largest car manufacturer in the EU – thanks to VW, Mercedes and BMW – Germany will watch closely.

His leader Friedrich Mertz greeted the new pact, acknowledging that he would have welcomed “further mitigation of the transatlantic trade”.

Such sentiments, which were overcamed by the German trade body, VDA, which warned that even the rate of 15% would “cost the German automotive industry annually”.

Motorists in the US – the winner

Trump is trying to increase car production in the US. US production manufacturers have been pushing when they learned that the EU dropped its tariff by car made in the US from 10% to 2.5%. Theoretically, it can lead to more American cars in Europe.

This may be good for US sales abroad, but the pact is not all good news when it comes to domestic sales. This comes down to a difficult way to gather American cars.

Many of them are actually gathered abroad – in Canada and Mexico – and Trump exposes them to 25%when brought to the United States. This is compared to a lesser rate of 15% on EU vehicles. Thus, US car manufacturers may be afraid to prune European manufacturers.

EU Pharmaceuticals – Loser

There is confusion around the tariff rate that will be charged as a result of buying European drugs. The EU wants the medication to be as low as possible to benefit.

Trump said pharmaceuticals were not covered by a transaction announced on Sunday, according to which the rate for a number of products decreased to 15%. But von der Leyen said they were included, and the White House source confirmed the same with the BBC.

Any scenario will be frustrated for the European formation, which originally hoped for the general release of tariffs. Currently, the industry is highly impact on the American market thanks to products as Ozempic, type 2 diabetes made in Denmark.

This was highlighted in Ireland, where opposition parties noted the importance of the industry and criticized the destructive effect of uncertainty.

US Energy – Winner

Trump said the EU would buy $ 750 billion (£ 558 billion, 638 billion euros) in the US, except for increasing total $ 600 billion.

“We will replace Russian gas and oil by significant purchases of the US LSG (eliminated by natural gas), oil and nuclear fuel,” said von der Leyen.

This deepens the ties between European energy security and the US at a time when it refuses to import Russian gas since its full -scale invasion of Ukraine.

Aviation Industry in the EU and USA – winner

Von der Leyen said that some “strategic products” would not attract any tariffs, including planes and planes, certain chemicals and some agricultural products.

This means that firms that produce components for the aircraft will have trading trade between huge trading blocks.

She added that the EU was still hoping to get more “zero for zero”, in particular for wines and spirits, in the coming days.

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