Bridges of Steel, Walls of Policy: The Unfinished Deal

The much-anticipated EU–U.S. trade agreement remains mired in uncertainty, despite a July framework that promised tariff reductions and increased cooperation on green technology. Moody’s Analytics cautioned that both sides are still grappling with unresolved issues — notably agricultural access, digital taxes, and state subsidies.

The United States agreed to a 15% tariff on European imports in exchange for expanded purchases of U.S. energy and industrial goods, but analysts warn that domestic politics could unravel the fragile compromise. “Every trade deal is also a test of trust,” one Brussels negotiator said, “and that’s still what’s missing.”

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Sources

Moody’s Analytics, Reuters, Financial Times, Politico Europe