EU-US trade agreement: What has actually been achieved? Is Trump the winner?

date
03/08/2025
According to the Zhtng Finance and Economics APP, on July 31st, it was reported by foreign media that the European Union and the United States have reached a trade agreement that will completely reshape the 17 trillion euro (20 trillion US dollars) transatlantic trade relationship. The European Union has agreed to cut tariffs on most US products by 55%; if the agreement takes effect, tariffs on US goods in the EU will be reduced to about one-third of the current level. European Commissioner for Trade, Maro efovi, admitted, "This is the best agreement we could reach in a very difficult situation."