“Stability” instead of an extensive trade war? The president of the Commission defends the recent trade agreement with the US, despite criticism.

The “deliberate” move that prevented a large -scale trade war as the European Union’s trade agreement with the US. In an article, published yesterday in the German newspaper Frankfurter Allgemeine Zeitung and Spanish El Mundo, Ursula von der Layenni has reached the agreement that reached the imposition of 15% of European exports in the US.

He even claimed that EU geopolitical opponents, Russia and China, would have celebrated if the “block” resulted in a trade conflict with the US. That is why he believes that the agreement reached was the best possible result. “The agreement reflects a deliberate option: stability and predictability instead of escalation and conflict,” the Commission’s president stressed.

Single Tariff

Last Thursday, the EU Joint Declaration – USA has revealed the details of the deal, reached by the end of July by Ursula von der Layen and Donald Trump. For the President of the Commission, the Agreement ensures a “clear” single tariff rate 15% for almost all EU commercial products – including cars and pharmaceuticals – while excluding generic medicines and aircraft accessories.

Although she admits that the agreement “is not perfect”, it has, however, defended its signature as a “stable” result, as the EU eventually became the only world player to secure a single higher tariff rate, instead of multi-level duties.

In any case, Ursula von der Laien has also made it clear that the EU would further reinforce with the signing of other trade agreements with third countries such as Mexico, the United Kingdom and Switzerland, as well as through the trade agreement with Latin American countries (Mercosur).

Draghi criticism

The agreement reached by the two commercial partners has, however, sparked a lot of criticism with the last one of former European Central Bank chief Mario Draghi. The former former official said in a speech at a conference in Rimini last Friday that in 2025 he would remain in history as the year where the “illusion” of the EU as a world player “disappeared”, while stressing that the “block” should not have been.

“For years, the EU has believed that its financial size, with its 450 million consumer, was accompanied by geopolitical power and influence on international trade relations. This year, the year will remain in history as this illusion has disappeared, “he said, stressing that” we should have resigned from the duties imposed by our largest commercial partner and long -term ally, the US. “