Moscow and Beijing would have cheered EU-US trade war, von der Leyen says – POLITICO

The pact caps most U.S. tariffs on EU goods at 15 percent, including on cars and pharmaceuticals, and carves out exemptions for generics and aircraft parts.

Critics, including former World Trade Organization boss Pascal Lamy, have warned the accord risks undermining Europe’s credibility as a defender of rules-based trade.

But von der Leyen insisted the EU had secured a unique outcome: a single tariff ceiling of 15 percent, unlike the layered rates Washington applies to other partners.

She also stressed that EU food safety, health and digital rules remain untouched, and pointed to Brussels’ efforts to diversify trade ties, including through deals with Mexico, the South American bloc of Mercosur countries, and a goal of clinching a pact with India before year’s end. 

Von der Leyen echoed former European Central Bank chief Mario Draghi, who on Friday called to tear down internal market barriers, arguing they do more to hobble growth than any foreign tariff. “If Europe wants to fully unlock its potential, this is the most urgent challenge,” she wrote.

VEJA  Von der Leyen played hardball with China. Then she won a trade deal with Trump. – POLITICO

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