EU Trade Deal: Will Trump's Tariffs Derail It?
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The EU-US trade deal, finalized in July, faces opposition within the European Parliament. Concerns exist about its lack of predictability, evidenced by the US imposing tariffs on additional goods shortly after the deal's announcement. While some see the deal as lessening existing high tariffs on autos and creating stability, critics argue it imposes high costs and lacks security. The deal's legality is also questioned, as the US president's tariff imposition might exceed his authority. Despite these concerns, a top EU trade official urges approval, highlighting the alternative of escalating trade conflict. The parliament will likely amend the deal before approval, although passage is expected.
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