Ursula von der Leyen called the US-EU trade deal imperfect

The head of the European Commission, Ursula von der Leyen, noted on August 24 that the trade deal between the United States and the EU is not without flaws, but it is strong. She stated this in an article for the Frankfurter Allgemeine Zeitung newspaper.

According to von der Leyen, the main objective of the agreement is to avoid an escalation of US—European relations during a period of international turbulence.

"Just imagine if the two largest economic powers of the democratic world had not reached an agreement and started a trade war — this would have been celebrated only in Moscow and Beijing," she said.

According to the EC chairman, the new deal will clarify relations between Europe and the United States, which will subsequently help avoid new tariffs.

Back to the future: The US and the EU have concluded a trade deal

Russia believes that it will lead to the deindustrialization of Europe

On August 1, Bloomberg columnist Simon Nixon stressed that the trade agreement between the United States and the EU is an extremely unprofitable deal for Brussels. In addition, this agreement will destroy any remaining hopes for reducing non-tariff barriers, which have been such a long-standing source of friction. At the same time, the idea that the European Union is a weak side weakens the position of Brussels in future negotiations, he noted.

The United States and the European Union agreed on a trade deal on July 27. The agreement will allow the EU to avoid 30% duties that could be imposed by Washington. As a result of the deal, the European Union remains with 15% tariffs on most of its exports, including cars. US President Donald Trump stressed that such an agreement "satisfies both sides."

According to Russian Foreign Minister Sergey Lavrov, the US-EU trade agreement will lead to the further deindustrialization of Europe. He noted that Europe plans to spend $750 billion on the purchase of American energy resources, in particular liquefied natural gas (LNG) and nuclear energy, due to the "complete decoupling" of energy purchases from Russia.

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