Who are the winners and losers in US-EU trade deal?

The United States and the European Union have struck what is described as the largest commercial deal in history, after talks in Scotland.

It is actually similar to an agreement instead of a complete commercial deal, with unclear.

But the main numbers announced by President Donald Trump and European Union President Ursula von der Lin provide evidence about the sectors and groups that can reach or gain more.

After promising new trade deals with dozens of countries, Trump got the largest of them all.

Most commentators are looking for the European Union to give up more, with an immediate analysis by the Capital Economics, indicating 0.5 % of GDP.

There will also be tens of billions of dollars flowing into US treasures in import taxes.

But Trump’s main glowing headlines may not last long if a large number of economic data scheduled for later this week showed that his radical formation of the American economy has been affected by the opposite results.

The numbers related to inflation, jobs, growth and consumer confidence will provide a clearer picture about whether the Trump tariff causes pain or gains.

Ordinary Americans are already glowing from the increase in the cost of living and this deal may add the burden by walking long distances on the European Union commodities.

Although it is not very slope as it could have been, the obstacle represented by a 15 % tariff rate is still important, and it is more clear than the obstacles that existed before Trump returned to his position.

Customs duties are the taxes imposed on the goods purchased from other countries. Usually, it is a percentage of the product value. Therefore, the 15 % customs tariff means that a 100 -dollar product imported to the United States from the European Union will have a $ 15 tax added at the top – taking the total cost to the importer to $ 115.

Companies that bring foreign goods to the United States must pay the tax to the government, and some or all the additional cost of customers often pass.

The stock markets in Asia and Europe rose on Monday after news of the deals framework.

Under the framework, the United States will impose a 15 % tariff on the goods imported from the European Union. Although this rate is important, it is less than it could have been and at least provide certainty to investors.

Chris Weston said in Pepston, an Australian mediator, to Agence France Presse:

You will need to sign the deal by all 27 -year -old European Union members, each with different interests and levels of dependence on exporting goods to the United States.

While some members gave the agreement a cautious welcome, others were very important – which hints to the divisions within the mass, which also tries to respond to other crises such as the ongoing war in Ukraine.

French Prime Minister Francois Bayro commented: “It is a dark day when a coalition of free peoples gathered, to confirm their common values and defend their common interests, resign from submission.”

At least two of the other French government ministers, as well as Victor Urban, the Hungarian leader, who said Trump “eaten von der Lynne at breakfast.”

The customs tariff faced by importers who brought European Union cars to the United States has decreased to nearly half, from the 27.5 % average that Trump in April to a new rate of 15 %.

Cars are one of the best European Union exports to the United States. As the largest car factory in the European Union – thanks to VW, Mercedes and BMW – Germany was closely watched.

Its leader, Fredchiich Mirz, welcomed the new agreement, while admitting that he was welcoming “more at the Atlantic Trade.”

These volatile feelings by the German Automobile Industry Commercial Authority, VDA, which warned that 15 % “will cost billions of German car industry annually”.

Trump tries to enhance US vehicle production. American car makers received a boost when they learned that the European Union was dropping its tariffs on the US -made cars from 10 % to 2.5 %. In theory that can buy more American cars in Europe.

This may be good for us abroad, but the agreement is not all good news when it comes to local sales. This is due to the complex method that the American cars are assembled.

Many of them are already assembled abroad – in Canada and Mexico – and their Trump is subject to a 25 % tariff when they are brought to the United States. This compares with the decrease in the rate of customs tariffs 15 % on European Union cars. Therefore, auto makers in the United States may now fear that European manufacturers will be undermined.

There is confusion about the customs tariff rate that will be imposed on European drugs that are purchased in the United States. The European Union wants medications to be subject to the lowest possible average, to benefit sales.

Trump said that the drugs were not covered by the deal announced on Sunday, according to which the rate was reduced on a number of products to 15 %. But von der Layen said they were included, and the White House source confirmed the same to the BBC.

Any of the scenario will represent disappointment for European drugs, which initially hoped to obtain a total tariff. The industry is currently highly exposed to the United States market thanks to products such as OzemPIC, a type of type 2 diabetes made in Denmark.

This was highlighted in Ireland, where opposition parties indicated the importance of industry and criticized the harmful influence of uncertainty.

Trump said that the European Union will buy $ 750 billion (558 billion pounds, 638 billion euros) in the United States, in addition to increasing the total investment in the United States by 600 billion dollars.

“We will replace Russian gas and oil with large purchases of LNG [liquified natural gas]Von der Lin said.

This will deepen the ties between European energy security and the United States at a time when it was a focus away from importing Russian gas since it was widely invaded to Ukraine.

Von der Layen said that some “strategic products” will not attract any tariffs, including parts of aircraft and plane, some chemicals and some agricultural products.

This means that companies that make aircraft ingredients will get a friction -free trade between huge commercial blocks.

She added that the European Union is still hoping for more “zero -sacking” agreements, especially for wine and lives, in the coming days.

Follow the transformations and turns in the second Trump state with the North American correspondent Anthony Zurer weekly American policy is not owned Newsletter. Readers in the United Kingdom can Subscribe here. Those can outside the United Kingdom Subscribe here.