Yusin Bank: A lopsided agreement between the US and Europe is still better than no agreement.

Economists from Italy's Credit Suisse bank said in a report that reaching an asymmetric agreement between the European Union and the United States is better than no agreement at all. However, considering that the tariffs imposed by the United States on the EU are much higher than those imposed by the EU on the United States, this may not be a good deal for the EU. "Nevertheless, this agreement may already be good enough for the European economy and markets, as it eliminates the possibility of escalating trade tensions." The agreement is unlikely to change the EU's macroeconomic outlook or the monetary policy of the European Central Bank. Economists stated that so far, tariffs have not had a significant impact on the confidence of markets, businesses, and households.