Dutch PM says EU trade deal with US ‘crucial for an open economy like ours’
“Of course, no tariffs would have been better, but this agreement provides clarity for our businesses and ensures market stability,” Schoof posted on X.
He also highlighted that the Netherlands‘ annual goods exports to the US amount to over â¬50 billion ($58 billion).
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July 28, 2025
German Chancellor Friedrich Merz welcomes EU-US trade agreement
German Chancellor Friedrich Merz welcomed the trade agreement between the European Union and the US which will see a 15% tariff on EU goods entering the US.
“We have thus managed to preserve our fundamental interests, even if I would have wished for more relief in transatlantic trade,” Merz said in.
The no-deal scenario would have “hit the export-oriented German economy hard,” according to Merz.
He added that this applied particularly to the automotive industry, where the current tariffs of 27.5% have been almost halved.
The US is Germany’s main trading partner.
https://p.dw.com/p/4y74M
Welcome to our coverage
The EU and US have struck a trade deal, both sides lauding the agreement’s significance after months of tension over tariffs’ impact.
European Commission President Ursula von der Leyen, describing US President Donald Trump as a tough negotiator, stated the deal “brings stability.” She later informed reporters the agreed tariff level on cars represented “the best we could achieve.”
While specifics remain unrevealed, she also informed reporters that bilateral tariff exemptions had been agreed upon for numerous “strategic products” like all aircraft and component parts, certain chemicals, generic pharmaceuticals, and critical raw materials.
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