The Prague Post - EU chief to defend Trump trade deal in parliament

EUR -
AED 4.184217
AFN 71.778596
ALL 94.26058
AMD 418.558169
ANG 2.039871
AOA 1044.771654
ARS 1684.037898
AUD 1.652409
AWG 2.052229
AZN 1.941395
BAM 1.955605
BBD 2.29677
BDT 140.265982
BGN 1.926481
BHD 0.429957
BIF 3386.861518
BMD 1.139336
BND 1.475553
BOB 7.880212
BRL 5.89839
BSD 1.140386
BTN 107.036303
BWP 15.497451
BYN 3.307369
BYR 22330.988246
BZD 2.293471
CAD 1.616661
CDF 2583.449152
CHF 0.922361
CLF 0.026741
CLP 1051.03496
CNY 7.745378
CNH 7.752824
COP 3917.408495
CRC 517.748256
CUC 1.139336
CUP 30.192408
CVE 110.253981
CZK 24.27816
DJF 203.069705
DKK 7.480658
DOP 67.003304
DZD 152.015808
EGP 56.43136
ERN 17.090042
ETB 183.850126
FJD 2.581854
FKP 0.861788
GBP 0.863068
GEL 3.01359
GGP 0.861788
GHS 12.857715
GIP 0.861788
GMD 83.171943
GNF 9992.001402
GTQ 8.700131
GYD 238.656149
HKD 8.935301
HNL 30.511951
HRK 7.539903
HTG 149.045104
HUF 354.163079
IDR 20349.226973
ILS 3.420345
IMP 0.861788
INR 107.508332
IQD 1493.850705
IRR 1566872.020062
ISK 144.115067
JEP 0.861788
JMD 179.602051
JOD 0.807834
JPY 184.293362
KES 147.565252
KGS 99.635383
KHR 4577.542521
KMF 494.472282
KPW 1025.40292
KRW 1749.211811
KWD 0.35275
KYD 0.950305
KZT 553.304703
LAK 25030.498458
LBP 102119.294221
LKR 383.321691
LRD 207.719241
LSL 18.745127
LTL 3.364164
LVL 0.689173
LYD 7.320268
MAD 10.693231
MDL 20.218979
MGA 4823.517939
MKD 61.628841
MMK 2391.906346
MNT 4077.580531
MOP 9.211779
MRU 45.511452
MUR 53.834064
MVR 17.603174
MWK 1977.402379
MXN 19.943172
MYR 4.65765
MZN 72.807828
NAD 18.745127
NGN 1567.875065
NIO 41.965806
NOK 11.31707
NPR 171.257885
NZD 2.017953
OMR 0.438079
PAB 1.140386
PEN 3.888611
PGK 5.0045
PHP 69.855021
PKR 317.362483
PLN 4.291823
PYG 6960.304389
QAR 4.156785
RON 5.244483
RSD 117.36827
RUB 89.906115
RWF 1670.033097
SAR 4.282472
SBD 9.173881
SCR 16.016599
SDG 683.602068
SEK 11.094411
SGD 1.474533
SHP 0.850629
SLE 28.259714
SLL 23891.313258
SOS 651.734866
SRD 42.70578
STD 23581.957684
STN 24.497552
SVC 9.978003
SYP 125.933213
SZL 18.734128
THB 38.028805
TJS 10.554045
TMT 3.987676
TND 3.379962
TOP 2.743248
TRY 53.039861
TTD 7.750225
TWD 36.299026
TZS 2999.100271
UAH 51.186584
UGX 4185.581694
USD 1.139336
UYU 45.775425
UZS 13697.631062
VES 707.246307
VND 29964.540351
VUV 136.297015
WST 3.167398
XAF 655.89145
XAG 0.019435
XAU 0.00028
XCD 3.079113
XCG 2.055195
XDR 0.815718
XOF 655.89145
XPF 119.331742
YER 271.874128
ZAR 19.354809
ZMK 10255.396502
ZMW 20.541947
ZWL 366.865771
  • CMSD

    -0.1600

    21.77

    -0.73%

  • CMSC

    -0.1160

    21.93

    -0.53%

  • RIO

    -1.3700

    93.74

    -1.46%

  • NGG

    -0.4100

    83.01

    -0.49%

  • RBGPF

    3.7000

    65

    +5.69%

  • GSK

    0.6100

    52.5

    +1.16%

  • BCC

    1.2600

    81.02

    +1.56%

  • BP

    -0.5900

    37.13

    -1.59%

  • BTI

    0.2800

    62.76

    +0.45%

  • AZN

    2.7300

    188.41

    +1.45%

  • JRI

    0.2100

    12.79

    +1.64%

  • RELX

    0.4200

    31.34

    +1.34%

  • BCE

    -0.2800

    22.92

    -1.22%

  • VOD

    0.0300

    13.89

    +0.22%

  • RYCEF

    0.3900

    18.39

    +2.12%

EU chief to defend Trump trade deal in parliament
EU chief to defend Trump trade deal in parliament / Photo: ANDREW CABALLERO-REYNOLDS - AFP

EU chief to defend Trump trade deal in parliament

EU chief Ursula von der Leyen will seek to defend her trade deal with Donald Trump in an address to the bloc's lawmakers Wednesday -- with many seething over an outcome they see as a surrender to Washington.

Text size:

Entering year two of her second mandate, von der Leyen's "State of the Union" speech will aim to rally parliament behind her agenda on the bloc's twin priorities of defence and competitiveness.

But she can expect a cool welcome from an assembly that found little to celebrate in the accord with Trump -- despite a broad admission that Europe's security dependence on America left its hands tied for the tariffs fight.

"Everyone agrees it's a bad deal that reflects Europe's weakness," said Valerie Hayer, leader of parliament's centrist bloc Renew.

The July accord locks in a 15-percent tariff on most EU exports to the United States, with exemptions for some areas -- including aircraft -- but not for key others, such as wine and spirits.

In exchange, Europe said it would make massive purchases of US energy, scrap tariffs on US industrial goods, and grant preferential access for a range of seafood and farm goods.

"Von der Leyen will try to sell her deal to lawmakers, to get us to swallow the bitter pill," predicted Marina Mesure, an EU lawmaker with The Left group who called the deal "a surrender to a predatory United States."

More than half of Europeans -- 52 percent -- view the deal as a "humiliation", according to a five-nation poll conducted by Cluster17, for European affairs publication Le Grand Continent.

- 'Humiliation' -

"It's a difficult time," conceded an official inside von der Leyen's European Commission, granted anonymity to discuss sensitive matters. "Europe appears weak."

"But on Trump, what matters at the end of the day is not so much the deal -- it's what comes after," the official added. "If he does not uphold the deal, we will have to be very tough."

With the ink barely dry on the accord, Trump has fired off a new volley of threats targeting the EU's tech regulations -- and most lately the massive antitrust fine against Google last week.

For von der Leyen, selling the deal in parliament is about more than just public relations: in the coming weeks lawmakers will vote on a text lowering EU tariffs, key to rolling out the full agreement with Washington.

So far, von der Leyen's main allies are split: the centrists won't yet commit to backing the text, while the socialist bloc threatens to vote against.

"To argue that having a bad deal is better than no deal is just totally unacceptable," Iratxe Garcia Perez, leader of the Socialists and Democrats, said Tuesday.

Renew's Hayer concedes, however, that von der Leyen had a mandate to negotiate for EU states -- including powerhouses France and Germany -- and that many businesses wanted the predictability of a deal, even a lopsided one.

- Gaza inaction -

Von der Leyen's own party, the European People's Party (EPP), will back the accord -- without sugar-coating it.

"Obviously, 15-percent export tariffs to the US doesn't make us happy," said EPP boss Manfred Weber.

But with an American president "who loves tariffs", he said, "that is the best that we can get -- and what we need for our economy and our stability".

The hard-right ECR group -- which includes the party of Italian leader Giorgia Meloni -- strikes a similar tone.

Trade aside, the EU chief is expected to vaunt the bloc's mobilisation in support of Ukraine's war effort -- with France and Germany among countries pledging to join a "reassurance force" to deploy there after any peace deal with Russia.

She may also preview the 19th package of EU sanctions being drawn up against Russia -- and its oil revenue in particular -- an area where cooperation with Washington has rekindled in the wake of July's trade accord.

But the EU chief can expect a fraught reception over the bloc's failure to weigh in on the Gaza conflict, due to longstanding divisions between countries backing Israel and those more sympathetic to the Palestinians.

Those divisions have been on show inside von der Leyen's top team as well -- with Spanish commissioner Teresa Ribera calling the Gaza war a "genocide" and slamming the bloc's inaction.

I.Horak--TPP