Mon, 28 Jul 2025

Mon, 28 Jul 2025 Who are the winners and losers in US-EU trade deal?

Carmakers, consumers and European solidarity - a look at who is up and who is down due to the latest tariffs.

* The US and EU have agreed on a trade framework that includes a 15% tariff rate on goods imported from the EU, with details still unclear.
* The deal is expected to increase import taxes for the US by tens of billions of dollars and potentially hike prices on EU goods.
* Ordinary Americans may be affected by increased costs of living due to higher tariffs on EU imports.
* Companies importing foreign goods into the US will have to pay a 15% tax, which they often pass on to customers in the form of higher prices.
* The deal is expected to cost the German automotive industry billions annually due to a 15% tariff rate on imported cars.
* American carmakers may be undercut by European manufacturers with lower tariffs on EU vehicles.
* There is confusion around the tariff rate for European-made drugs being bought in the US, with both sides claiming different rates apply.
* The deal includes agreements for increased investment and energy purchases from the US, including $750bn in EU energy imports.
* Some "strategic products" will not attract any tariffs, including aircraft and plane parts, certain chemicals, and some agricultural products.
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