The U.S. and EU’s new tariff deal has Europe split between sighs of relief and frustration. While some leaders call it a crisis avoided, critics warn it’s a storm in disguise. Let’s unpack the drama. 🍿
What’s in the Deal?
The agreement slaps a 15% U.S. tariff on most EU goods starting next month—half the threatened 30% but still a jump from today’s 2.5% average. Key industries like cars and pharma get partial shields. German Chancellor Friedrich Merz called it a win to dodge a "trade conflict" that could’ve hit exports hard. EU Trade Commissioner Maros Sefcovic admitted it’s "the best deal under difficult circumstances."
Europe’s Mixed Feels 🇪🇺
France’s Prime Minister Francois Bayrou blasted the deal as a "dark day" for Europe, while Portugal’s business leaders called it "unbalanced." Hungarian PM Viktor Orban roasted it on Facebook Live, joking Trump "ate" EU chief Ursula von der Leyen "for breakfast." 😬
But Germany and others breathed easier, with Merz highlighting protections for its export-driven economy. Meanwhile, Portugal’s government rolled out financial aid for businesses bracing for tariff pain.
What’s Next?
Details remain fuzzy—like how the EU will meet $750B in U.S. energy purchases over three years. Officials promise clarity by August 1, but skeptics eye hurdles ahead. As Trump touts "strengthened ties," Europe’s balancing act between relief and regret continues. Stay tuned! 📆
