Bloomberg pointed to the loss of EU influence due to the trade deal with the United States

The trade agreement that the United States and the European Union (EU) previously concluded in Scotland is prompting Brussels to analyze its position due to its "lost influence" on the world stage. This was reported by Bloomberg on July 29.

"While the leaders of the European Union are dealing with the consequences of a new trade agreement with the United States, they are faced with the bitter reality of how low they have fallen," the article says.

The article clarifies that the terms of this deal will deal a "significant blow" to European companies.

"From an economic point of view, this is an unfavorable agreement, and from a geopolitical point of view, it is a defeat," former Spanish Foreign Minister Arancia Gonzalez Laya told Bloomberg.

It is reported that the ambassadors of European countries who gathered in Brussels after the deal was concluded acknowledged that von der Leyen had no choice but to agree to such an unbalanced deal. According to diplomats, the alternatives would be worse.

The end of free trade: The US is on the verge of harsh action against the EU

The parties are ready to exchange mutual duties of 30%

On July 27, US President Donald Trump announced a trade deal with the European Union. According to Bloomberg, the agreement will allow the EU to avoid the 30 percent tariffs that Washington could impose. In return, the EU agreed to purchase $750 billion worth of American energy supplies and invest another $600 billion in the United States economy. Later, Politico stated that in practice it would be impossible for EU countries to fulfill their promise to purchase energy resources from the United States.

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