Trump's Trade Agreement is Incomplete, Says von der Leyen
European Commission President Ursula von der Leyen admitted that the trade agreement signed with U.S. President Donald Trump is incomplete, yet it speaks of stability and predictability rather than escalation and confrontation.
“We have reached a strong, albeit imperfect, agreement,” she emphasized.
Recently, the European Commission has faced frequent criticism for the trade agreement signed with Trump, particularly noting that the U.S. secured more favorable terms than the Europeans.
The tariffs, as von der Leyen pointed out, “lead to higher costs and limited choices, as well as disrupt the competitiveness of economies.”
“Our retaliatory tariffs pose the risk of igniting an expensive trade war, with negative consequences for our workers, consumers, and industries,” she said.
“And any escalation will not change one thing—the U.S. commitment to its higher and more unpredictable tariff regime,” the European Commission head added.
The most crucial element of the agreement, von der Leyen explained, is that a clear 15% limit has been established for most EU goods, including vehicles and pharmaceutical products.