Turnberry, Scotland (Reuters) -US, President, Donald Trump, said that the United States and the European Union had entered into an agreement on a trade agreement which includes a 15% tariff on EU products entering the United States and significant American and American military purchases.
The agreement also provides $ 600 billion in investments in the United States by the EU, he told journalists.
This follows an American agreement with Japan on July 23 which reduced prices on automotive imports and other goods in exchange for a set of $ 550 billion in investment and loans linked to the United States.
The main financial markets were still closed. The euro ended last week around a three -week summit at $ 1,1738, while the Stoxx 600 <.Stoxx> Has struck his highest level since the beginning of June last week when optimism was built for an EU-US negotiation agreement.
Here are the comments of business leaders and companies, and the market reaction to the announcement.
Comments:
Holger Schmieding, chief economist, Berenberg Bank, London:
“First of all, the good news: paralyzing uncertainty is widely completed, the agreement is bearable for the EU. Modestly good news for the stock markets, which was probably evaluated in most in advance. The agreement seems to be largely in accordance with the reports on a potential agreement last Thursday.”
“Trump can say that the asymmetrical agreement is a” victory “for him. But of course, the result is still bad compared to the situation that prevailed before Trump begins his trade wars.”
“The United States will pay a high price for Trump retro protectionism thanks to higher prices for consumers and less growth in Trump’s repression on immigration, its protectionism reduces the growth of American trends from 2% to 1.5%.”
Brian Jacobsen, chief economist, Annex Wealth Management, Brookfield, Wisconsin:
“President Trump said that the commercial agreement with the EU is the greatest of all offers. Whether imports or exports, Mexico, China and Canada are greater agreements than the EU. It is therefore the biggest matter to the next.”
“Speaking in an average rate rate of 20%is better than the price rate of the Liberation Day by 25%, but it is even much higher than the tariffs of 2024 of 2.5%.”
“Prices are a stick to make it more expensive to produce outside the United States, Big Beautiful Bill has a number of carrots to make it cheaper to produce in the United States, it is a bet to see if the Bâton and Charrot approach to invest in the United States will work, especially since the sticks tend to hurt immediately while carrots take the time to show their advantages.”
Hasnain Malik, Chief Research on Actions, Tellimer, Dubai: Dubai:
