EUR News
LAST UPDATE: July 29, 2025
How Trump Got the Upper Hand Over the EU on Tariffs
Trump secured a major trade deal with the EU, limiting tariffs to 15% instead of 30% by securing commitments—€600 bn in EU investment and $750 bn in U.S. energy purchases over three years.
Insight
Trump’s hardline tariff threats forced EU leaders to switch from confrontation to damage control—agreeing to large-scale purchases and investments to avoid deeper losses. (ウォール・ストリート・ジャーナル)
Donald Trump says UK taxes on North Sea oil ‘make no sense’
Trump criticized the UK’s tax regime on North Sea oil, calling it economically irrational and asserting that lower taxes would reduce energy costs and boost production.
Insight
The comments reflect Trump’s fossil-fuel–friendly policy stance. It also hints at U.S. pressure on UK energy policy, amid broader transatlantic trade alignment moves. (フィナンシャル・タイムズ, The Times)
Poland could lose over $2 billion due to US tariffs, PM says
Polish PM Tusk warned U.S. tariffs on EU exports—now at ~15%—could cost Poland ~8 billion zloty (USD 2.16 billion), as Polish firms supply parts to EU exporters.
Insight
Highlights Poland’s vulnerability as part of EU supply chains. Tariffs may ripple through Eastern Europe’s export-reliant economies, prompting urgency for market diversification or exemptions. (Reuters, Global Banking | Finance)
U.S. tariffs to slow Czech GDP by 0.2 p.p. in 2025, 0.4 p.p. in 2026 – ministry
Czech finance ministry estimates U.S. tariffs will reduce GDP growth by 0.2 percentage points in 2025 and 0.39 points in 2026.
Insight
Shows how even modest tariffs damage small open economies. Central Europe is highly integrated into EU-U.S. trade flows, making them sensitive to policy shocks. (TradingView, Reuters)
Sweden’s economy weaker than expected in second quarter
Sweden’s Q2 GDP rose just 0.1% quarter-on-quarter (0.9% year-on-year), missing forecasts of 0.3% QoQ and 1.1% YoY.
Insight
The weak outcome suggests fragile recovery. Inflation has ticked up and a weaker krona complicates the domestic monetary outlook after earlier rate cuts. (TradingView, TradingView)
Hungary’s government slashes 2025 growth forecast to 1%
Hungary revised its 2025 growth forecast down from 2.5% to 1%, citing flat H1 performance and weak agriculture and industry. Inflation projected ~4.7%.
Insight
The downgrade exposes structural weakness and signals pre-election fiscal populism—tax cuts, cheap housing loans, pension hikes—to stimulate consumption. (Reuters, MarketScreener)
