欧盟-美国贸易协定：缺乏细节的不平衡协议

PRESS RELEASE EU-UStrade agreement: an unbalanced deal with Paris,30July 2025–On 27 July 2025, Donald Trump and Ursula von der Leyenannounced an agreement establishing a basic tariff rate of 15% on mostEuropeanproductsenteringtheUnitedStates.Thisunbalanced The 15% rate would apply to around70%of EU exports to the United States. Thecompromise avoids the threat of a 30% tariff initially brandished by the USpresident but remains well above the1.2% rate applied in 2024. The EU has Europe is as well,or even better off than its competitors Despite its unbalanced nature, this agreement puts the EU in a relativelyprivileged position. Only the United Kingdom enjoys morefavorabletreatment,while Japan will also face 15%, Indonesia and the Philippines 19%, and Vietnam This‘hierarchization’ofUStradingpartnersconfirmstheTrumpadministration's bilateral negotiation strategy, which favors bilateral power European companies face the challenge of competitiveness The impact on European businesses will be particularly severe in several keysectors. Thesteel industryremains subject to 50% tariffs, whileautomotive,chemicalandmachinerynow face 15%. For the automotive industry, already The challenge iseven morecomplex given that the 13% appreciation of the euroagainstthe dollar since January is exacerbating the loss of pricecompetitiveness. Assessing the economic impact of these tariffs dependslargely on assumptions about who will bear the burden of the increased coststhroughout the value chain, i.e. from European exporters (and their suppliers) A defensive strategy in the face of European divisions The European acceptance of an unfavorable agreement can be explained bythe desire to avoid the worst and restore some commercial stability. It alsoreflects internal divisions within Europe. Exporting countries (Germany, Italy, However, the EU is thus preserving access to its main non-European market(20%of its exports,excluding intra-EU trade), but at the cost of weakening its COFACE: FOR TRADE As a global leading player in trade credit risk management for more than 75 years, Coface helps Whatever theirsize, location or sector, Coface provides 100,000 clients across some 200 markets. with afull range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Riskinsurance, Surety Bonds, Factoring. Every day, Coface leverages its unique expertise and cutting-edge