3 days ago
EU Defends Trade Deal Amid Mounting Criticism
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European leaders on Monday sought to defend their trade deal with President Donald Trump, an accord that will see the European Union accepting a 15% tariff on most of its exports to the US while reducing levies on some American products to zero.
Industry officials in Germany have warned that the deal leaves the auto industry exposed and will make companies in Europe less competitive. 'The agreement is an inadequate compromise and sends a disastrous signal to the closely intertwined economies on both sides of the Atlantic,' said Wolfgang Niedermark, a member of the executive board of Germany's BDI industry federation.
