#8 EU-US Trade Deal: Calm or Crisis?

After months of heated negotiation, the EU and US have unveiled a sweeping new trade agreement—praised by leaders in Brussels and Washington, yet slammed by unions, left-wing parties, and industry experts. Tariffs will drop for some sectors but bite hard in others, with billions pledged by Europe for US investments and energy. Critics warn of lost jobs, lopsided benefits, and a dangerous shift away from multilateral trade rules. In today’s background briefing, I break down what’s in the deal, who wins and loses, and whether this is the start of a new era of capitalism.