2025-08-05
5 分钟Hello, Mike Bird here, co-host of Money Talks,
our weekly podcast on markets, the economy and business.
Welcome to Editor's Picks.
We've chosen an article from the latest edition of The Economist,
which we very much hope you'll enjoy.
The critics were quick to jump in.
Soon after the European Commission struck its trade deal with President Donald Trump on July 27,
it was being savaged in European capitals.
François Bayrou, the French Prime Minister, called it a dark day when an alliance of free peoples,
united to affirm their values and defend their interests, resolves to submit.
Friedrich Merz, Germany's chancellor, worried about severe damage to the German economy.
Viktor Orban, Hungary's populist leader, twisted the knife,
saying that Mr. Trump ate Ursula von der Leyen for breakfast.
The deal is certainly unlike any other the European Union has struck before.
Exports to America will face a tariff of 15%,
lower than the 30% that had been threatened had no deal been made.
but nearly ten times as high as the rate that prevailed before Mr. Trump returned to the White House.
In turn,
the EU will eliminate its own tariffs on imports of Americans' industrial goods and provide easier access for some farm produce.
The bloc is also expected to buy more energy from America and invest hundreds of billions across the Atlantic.