Explore the landmark 2025 EU-US trade deal announced by European Commission President Ursula von der Leyen and U.S. President Donald Trump in Scotland.
This documentary-style video unpacks the complex agreement that sets tariffs on European goods at 15%, while retaining 50% tariffs on aluminum and steel. Discover how the EU commits to purchasing $750 billion in U.S. energy and military equipment, alongside $600 billion in investments, balancing economic stability with strategic compromises. Through compelling visuals—ranging from the Scottish landscapes to bustling steel mills and LNG facilities—this analysis highlights the deal’s impact on transatlantic trade, industries, and geopolitical dynamics.
Dive into the nuanced debate: who truly benefits from this intricate agreement?
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For Croatia specifically, the deal brings mixed implications. As a member of the EU, Croatia’s exports, including key sectors like pharmaceuticals, machinery, and agricultural products (e.g., olive oil, wine, and seafood), will face the 15% US tariff unless covered by the zero-tariff exemptions.
ReplyDeleteThis could increase costs for Croatian exporters, potentially impacting competitiveness in the US market, which accounted for €532 billion in total EU exports in 2024. However, exemptions for certain agricultural products and pharmaceuticals may benefit Croatian producers in those sectors, particularly if they align with the zero-tariff categories. The deal also avoids harsher retaliatory measures, which could have disrupted Croatia’s export-oriented economy.
On the downside, Croatia, like other EU countries, may face challenges due to the EU’s commitment to significant US energy purchases, potentially increasing energy costs if US LNG and oil prices are less competitive than previous sources. Additionally, the deal’s focus on German auto industry relief (e.g., reducing car tariffs from 27.5% to 15%) may not directly benefit Croatia’s smaller industrial base, and some EU leaders, like France’s Benjamin Haddad, have called the deal “unbalanced,” suggesting uneven benefits across member states.
No Croatia-specific provisions were highlighted in the agreement, and the Croatian government has not publicly detailed its stance beyond general EU alignment. The deal’s preliminary nature means further details, including specific impacts on Croatia, may emerge as it is fleshed out. For now, Croatia benefits from the stability of avoiding a trade war but may face higher export costs to the US unless its key products fall under exemptions.