EU-US Trade Agreement: Controversial and Risky Moves Unveiled

The recently concluded trade agreement between the European Union and the Trump administration has sparked a wave of mixed reactions across Europe. EU officials claim it averted potential economic catastrophe, while French authorities and economists criticize its vague and unbalanced nature.

The accord maintains a 15% tariff on most goods entering the US from Europe and is missing agreements on crucial sectors such as pharmaceuticals and steel. French and Hungarian leaders openly lambasted the deal, whereas Germany's Chancellor highlighted the stability it brings to businesses amidst trade uncertainties.

Economists caution against the long-term impacts of the agreement, which, while preventing an immediate trade war, raises questions about the EU's adherence to a rules-based global trade system. The overarching sentiment is one of concern about the deal's effectiveness and sustainability.

(With inputs from agencies.)