Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

Live Updates  >  Live Update Details

2025-07-28 17:37:32

[The US-EU tariff agreement has been implemented, and Europe's GDP may shrink by 0.2%. Who is the biggest loser? ] ⑴ Capital Economics analyzed that although the US-EU trade agreement has avoided a more serious trade war, its impact is worse than previously expected. ⑵ The agreement has pushed up the average tariff on US imports from the EU from 1.2% last year to about 17%. ⑶ The agreement is expected to reduce the EU's gross domestic product (GDP) by about 0.2%, exceeding the market's previous general assumptions. ⑷ Nevertheless, the agreement has temporarily avoided a sharp increase in tariffs and retaliatory measures from the EU, bringing short-term certainty to the market. ⑸ Jack Allen-Reynolds, an economist at Capital Economics, pointed out that the impact on Ireland and Germany is expected to be more significant. ⑹ France and Spain have been relatively less affected. ⑺ This data shows that even a seemingly "stop-loss" agreement has a very obvious negative impact on the European economy, and the degree of impact on each member state varies.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

3363.16

73.24

(2.23%)

XAG

37.003

0.319

(0.87%)

CONC

67.26

-2.00

(-2.89%)

OILC

69.48

-2.30

(-3.20%)

USD

98.678

-1.389

(-1.39%)

EURUSD

1.1594

0.0001

(0.01%)

GBPUSD

1.3282

-0.0001

(-0.00%)

USDCNH

7.1909

-0.0006

(-0.01%)

Hot News