Economists cheer end of ‘crippling uncertainty,’ but U.S. tariff deal gets frosty reception in Europe

Trade Deal Overview: President Trump and European Commission President Ursula von der Leyen expressed optimism about a new trade deal that imposes a 15% tariff on European exports to the U.S., with both leaders calling it significant, despite lower tariffs than initially threatened.

Criticism of the Deal: Critics like Olivier Blanchard and Guy Verhofstadt condemned the agreement as a missed opportunity for the E.U., labeling it poorly negotiated and lacking concessions from the U.S.