US-EU trade deal is a ‘dark day’ for Europe, says French PM | Trump tariffs

French Prime Minister François Bayrou said that the EU has surrendered to the threats of Donald Trump’s ever -increasing tariffs, because on Sunday, he labeled the framework agreement that was hit as a “dark day for the EU in Scotland.

Bayrou wrote to the X on Monday to the X on Monday, a dark day in which the alliance of free peoples gathered to confirm their common values and defend their common interests, bang he wrote to X on Monday.

German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni welcomed the agreement that Maroš šefčovič, the European Trade Commissioner Maroš šefčovič as a “breakthrough ğı in the face of a potential destructive trade war among the two largest economies in the world.

The 4.8% of the currently in force increases to three times the tariff, but the agreement that will apply 15% tariffs to almost all European exports to the United States, avoiding the threat of a punishing import task given to Trump’s deadline for an agreement.

The silence since the signing of an agreement between senior French criticism and Emmanuel Macron’s Trump and European Commission President Ursula von Der Luyen has been showing potential sections while trying to get approval for the agreement of the member states.

Merz greeted the agreement in Trump in Scotland in a ballroom in Golf Resort, and said that he avoided unnecessary rise in transatlantic trade relations and prevented a potentially harmful trade war.

Meloni welcomed the agreement by saying that he had avoided “potentially destructive” consequences.

Speaking at a summit in Ethiopia, “the trade increase between Europe and the United States will have an unpredictable and potentially destructive consequences, but Rome should be“ examining the details of the agreement ”.

The European Stock Exchange markets reached the highest level of four months at the beginning of the transaction on Monday, as an agreement was reached. Germany’s DAX increased by 0.86%and France’s CAC 40 index increased by 1.1%and the Pan-European Stoxx 600 index has raised its highest level since the end of March.

However, France, which is accepted as the common pilot of the EU project with Germany, clarified the approval.

French European Affairs Minister Benjamin Haddad called on the EU to activate the “Anti-Coercion instrument” that will allow non-tariff retaliation.

French Trade Minister Laurent Saint-Martin, criticizing the EU’s negotiations, he said that the block should not refrain from going back to what he described as a power struggle initiated by Trump.

“Donald Trump only understands power,” France Inter Radio said to France. “It would be better to answer by showing our capacity to retaliate before. And the agreement could probably look different,” he added.

New details of the agreement have emerged and senior officials say that the 15% tariff in EU exports will be valid for 70% of the goods sold to the USA.

It will be valid for EU exports in important sectors such as zero rates, aircraft parts, some chemicals, semiconductor equipment and mushrooms such as mushrooms used in wine bottles.

Authorities, the EU pharmaceutical sector under the agreement with Trump will not encounter more than 15% tariffs, he said.

Senior EU officials, EU drug exports, Trump’ın 232 national security investigation of the pharmaceuticals will be not working until the completion of the investigation, he said.

Even if the future decided to apply tariffs to pharmaceuticals in the future, EU officials have committed the commitment that they would be determined as 15% at the highest level when EU products from Trump.

He requested the EU to pay 30% tariffs for export to the EU on Sunday, followed by 21% and finally settled in 15% during the negotiations defined as “very intense”.

The more details of the agreement appeared on Monday, but tariffs on important sectors such as steel and wine and souls will now be in a detailed negotiation.

Authorities said that steel tariffs will remain at 50% until a new agreement focusing on quotas is accepted.

“The US needs our high special steel very much,” he said on Monday.

Wines and souls are still on the negotiation table and EU officials expect the list of products that will receive zero -rate products in the US will be expanded in the coming weeks.

Technically, the European Commission has the authority to enter the agreement, but has received consensus support from the member states for the last four months and this is not expected to change.

Previous or on Friday, and then the executive orders published by Trump are waiting for a “relatively light” common statement.

This will provide legal status to 15% tariff rates in the USA, but the EU Tariff Changes Package will not come until legal tools that can last longer than a week.

German bank Berenberg said that the agreement ended the “uncertainty of disability”, but it was a victory for Trump.

“It is great to make an agreement, but in two major aspects, Trump’s new trade wars tour earlier than this year’s new trade wars tour earlier,” he said.

“Extra tariffs will damage both the US and the EU. Damage for Europe is often loaded from the front, Sk Schmieding said on Monday morning.

“The agreement is asymmetric. The US is moving away from the EU with a significant increase in import tariffs and guaranteed more EU concessions to make boot. In the zero total mentality that appears, Trump can claim as a ‘win’ for him, S Schmieding added.

Italian bank Unicredit said Trump is better than the EU. As a note to customers, Unicredit said, “This is a good agreement for the EU? Isn’t it probably? Probably. The result leaves tariffs for heavy asymmetrical and imported EU goods from the United States at a much higher level than imports from the United States.