Cave-in to president on tariffs means the US will be back for more
Donald Trump says US and EU trade agreement would be ‘bigger than any other deal’
Ursula von der Leyen’s cowed description of the deal struck with Donald Trump as “a rebalancing” marks the scale of her capitulation – explicitly buying the US line that there was something off about pre-Trump trade between the US and EU.
To be super clear, what the president of the European Commission now calls “balance” is a deal that will see EU exports hit with a 15pc tariff more or less across the board, while US imports to the EU carry a zero tariff.
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