EUR News
LAST UPDATE: July 29, 2025
EU defends Trump trade deal facing backlash
The EU, facing criticism over a new trade deal with the U.S., defended the agreement as necessary to secure energy supply and trade stability despite concerns over fairness and execution.
Insight
EU leadership is emphasizing trade pragmatism and diversification to counterbalance geopolitical uncertainty, even amid internal skepticism.
European carmakers get a reality check from Trump as shares slide
Shares of European auto manufacturers fell after Trump’s tariff and trade deal announcements signaled tougher U.S. import terms and reduced access for EU auto exports.
Insight
The market reaction reflects investor concern over sudden policy shifts—trading friction threatens to dent export‑dependent sectors swiftly.
Trump Tells UK’s Starmer to Cut Taxes, Migration to Beat Farage
President Trump urged UK Prime Minister Keir Starmer to lower taxes, reduce immigration, and curb crime to strengthen his position against Nigel Farage ahead of upcoming elections.
Insight
Trump is offering direct political strategy advice to Starmer, aligning populist messaging with U.S. conservative priorities and underscoring his continued influence in British political discourse.
Romania expects small growth hit from new US trade deal
Romania forecasted a modest economic slowdown—0.15–0.2 percentage points—due to a new 15% U.S. tariff on European goods, up from the previous 2.5%.
Insight
While manageable for Romania, the tariff reflects broader eurozone vulnerability. Neighboring states express a mix of relief at tariff predictability and tension over exposure to U.S. pressure.
