The WSJ reported on Europe's dissatisfaction with the US-EU trade agreement

The trade agreement concluded between the United States and the European Union (EU) has caused discontent in Europe. This was reported on September 7 by The Wall Street Journal (WSJ).

"In less than two months, dissatisfaction with the deal is growing in Europe <...> Dissatisfaction is spreading not only among EU member states' politicians, but also in the European Parliament, whose approval is necessary for the key provisions of the agreement to enter into force," the publication says.

According to the newspaper, companies are suspending exports to the United States due to new "bureaucratic obstacles and warnings of a new era of unpredictability."

It is clarified that the decision taken by the President of the United States, Donald Trump, to expand tariffs of 50% on metals has affected a large number of European manufacturers. The article notes that as a result, companies will face tariffs that will exceed 15%, which the American leader and the EU agreed on earlier.

It is noted that initially the duties imposed by the United States on steel and aluminum applied only to the metals themselves and to metal parts, in particular, to screws, but now the situation has changed. The duties affected engines, pumps, machine tools and construction equipment.

Bertram Kavlat, president of the German Association of Mechanical Engineering (VDMA), added that about 30% of equipment imported by the United States from the EU is now subject to 50% duties on metal content in products. He stressed that the industry was facing an "existential crisis."

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%

The RSHA 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 percent tariffs on most of its exports, including cars.

Later, on July 31, Trump signed a decree imposing additional tariffs of 50% on a number of imported goods containing copper. They affected semi-finished copper products, as well as derivative products with a high copper content. The national security interests are cited as the basis for such a decision.

In an August 27 article for Politico, journalist Antonia Zimmerman said that Trump is using his country's military and technological superiority to impose humiliating deals on Europe. According to him, Europe will not be able to cope without American chip technology, duties on which the American leader has threatened to impose, so Trump feels that he can dictate the trade agenda.

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