(BFM Stock Exchange)-The CAC 40 is increasing on the mid-session of this Monday, July 28 after the agreement established between the United States and Europe which avoids the worst scenario for European imports. But this text included in the marble of less good export conditions for European companies.

The Paris Stock Exchange loses a bit of its momentum at mid-session. The CAC 40, its main index, takes 0.53% around 12:50 pm, at 7,878.73 points, after opening up 1.2%.

Sunday evening, the President of the United States, Donald Trump, and the president of the European Commission, Ursula von der Leyen, established a trade agreement reducing the customs duties imposed by the United States on European imports at 15%. Without common ground, Washington would have inflicted customs taxes of 30% on Europe from August 1.

This agreement, described as “larger” never concluded in terms of trade by Donald Trump, includes a certain number of exceptions, with products taxed at 0% on the part of the two business partners, including aeronautical equipment, equipment for semiconductors, and certain agricultural products. But not alcoholic products whose fate must be decided “in the coming days,” said Ursula von der Leyen.

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“A marked deterioration of export conditions”

The text also provides that Europeans will buy $ 750 billion in energy products from the United States and will invest $ 600 billion in the country.

However, the agreement faces many criticisms. The French minister in charge of Europe, Benjamin Haddad judges the text “unbalanced”. The Prime Minister, François Bayrou, even talked about “a dark day” for a Europe which “resolves to submission”. The president of the Italian council, Giorgia Meloni, spoke of a “potentially devastating” agreement.

Ursula von der Leyen recalled “where we came from”, with the risk of very high customs from customs on August 1 and invoked the need to “give visibility to businesses” and citizens.

“If the agreement reduces uncertainty and the risk of climbing, it confirms a marked deterioration of the conditions of export of European companies to the United States,” said UBS in a note. Based on the indications given by Ursula von der Leyen during its press conference, the Swiss bank calculates an average tax rate of taxation on European imports at 15.2% against approximately 1.5% before the “Liberation Day” in early April.

“In the absence of a joint statement from the United States and the European Union, we are somewhat concerned about the ambiguities that could give rise to divergent interpretations of what has been agreed,” added the bank.

Another potential source of optimism for the market: an extension of the customs “break” between the United States and China. Negotiations take place between the two countries on Monday and Tuesday in Stockholm.

Several media reports that Washington and Beijing will extend the suspension of most of the customs surcharges by 90 days that they had mutually inflicted. This break had been decided in May and temporarily fixed customs surcharges hitting Chinese products at 30% and those imposed on American products by China at 10%, against 145% and 125% respectively before this agreement.

Forvia leaps

On the side of the values, Forvia flies 14% after delivering encouraging half -yearly results, with a cash flow more than twice as high as expected.

Roberttet wins 8% after reporting robust growth over the first six months of his fiscal 2025.

Thales loses 3%. The entire defense sector is receding on Monday after Donald Trump said that Europeans are buying more military equipment in the United States in the coming years.

Remy Cointreau fell 1.6% penalized by Barclays who lowered his advice to “sub-ponderation” against “online weighting”.

On the other markets, the euro unscrews against the dollar after this agreement unfavorable to European exports. The European currency lost 0.7% against the greenback at 1.1666 dollars.

Oil rises. The September contract on the Brent de Mer of the North takes 1% at 68.34 Dollars a barrel while that of September on the WTI listed in New York advances from 1.1% to 65.85 dollars per barrel.