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2025-07-29 11:23:29
Economist: "The devil is in the details" SM Chief Economist Joseph Brusuelas said, "The devil is in the details" in the EU-US agreement. He added that while the framework of the agreement appears generally beneficial to many American companies, the impact on food and beverage companies and the pharmaceutical industry is unclear. European automakers may also be encouraged to relocate their factories back to Europe to avoid high tariffs on steel and parts. "This won't make auto workers in Alabama and South Carolina happy," Brusuelas said, alluding to workers at BMW and Mercedes factories in those two states.
