EU-USA trade agreement: bad reality TV
Ursula von der Leyen lacked any authority to strike a deal with Donald Trump, rendering their so-called trade agreement null and void. There is no deal.
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The so-called “trade deal” between Ursula von der Leyen and Donald Trump is, at this point, nothing more than smoke and mirrors. The much-hyped 15% tariffs on most European goods entering the U.S., touted as a hard-won concession (with no reciprocity) by the European Commission President on July 27, lacks any real substance or legal weight.
Equally meaningless is the European Commission’s August 5 announcement—dutifully amplified by the media—that it would suspend retaliatory measures against Trump’s threatened 30% to 50% tariffs on European products. And then there’s Trump’s bombastic August 7 claim that billions in tariff revenue are pouring into U.S. coffers. Unless he’s unilaterally slapping sanctions on the EU, this is just theatrical bluster—a cheap reality TV stunt.
On the day the so-called “agreement” was announced, we swiftly called it out as a hollow gesture in our article below. Now, a thorough investigation, drawing on insights from the top echelons of European institutions, confirms our initial take: there is no deal.
