08-08-2025 19:06
Borrell slams EU–US deal as surrender to White House pressure
The EU–US trade agreement is once again at the center of heated debate, with critics now calling it Europe’s capitulation, an astonishing yet rather harsh label.
According to Josep Borrell, former head of the EU’s diplomatic service, the trade deal signed between the European Union and the United States at the end of July will bring more benefits to Washington than to European countries.
“But I think it’s the result of a poor strategy—more a surrender than a negotiation. It follows the old strategy of bullies,” Borrell stressed. “It gives the impression of weakness and submission to Trump’s demands,” he added.
Borrell argued that the 15% customs tariff agreed upon was nothing more than a concession. “The US threatened 30 percent tariffs, then offered 15 percent, and we’re expected to be grateful,” he remarked.
Previously, Trump launched a trade war against 185 countries. In April, the base import tariff was set at 10%, but for Washington’s key allies, including the EU, the rate was much higher. After announcing the trade war, the White House gave itself a 90-day pause before imposing prohibitive duties on imports from 75 countries. Trump expressed hope that compromise deals could be reached during this period.
By the end of last month, the two sides struck an agreement. The key terms required European countries to purchase $750 billion worth of US energy products and for the EU to invest $600 billion in the American economy. Against this backdrop, the 15% tariff was seen by experts as the best outcome Brussels could have hoped for in talks with Washington.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Published 08 August 2025
© InstaFintech Group
© InstaFintech Group
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $1000 more!
In August we raffle $1000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST
