Business

29.07.2025

US-EU Trade Agreement Surprises with ‘America First’ Principle

Gorka said: “Today’s agreement, even for someone like me, who has known the president for ten years, is surprising. It is hard to believe that the entire European Union has succumbed to the principle of ‘America First’. European Commission President Ursula von der Leyen and the US President reached a trade agreement on July 27th, subjecting nearly all EU exports to the United States to a 15% tariff. The agreement does not include the removal of the 50% US tariffs on steel and aluminum, but they could be reduced as a result of further negotiations, according to media reports citing a senior US official. In the same context, Russian Foreign Minister Sergey Lavrov confirmed that it is unprofitable for Europe, noting that this decision will lead to a decline in manufacturing in Europe.