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2025-07-29 14:41:16
[BNP Paribas: A trade deal with Trump could be good for the European economy] Isabelle Mateos yLago, an economist at BNP Paribas, wrote in a note to investors that a trade deal with U.S. President Trump, while potentially a political blow to EU leaders, could be an economic success in the long run. The deal stipulates that the United States will impose a 15% baseline tariff on imported European goods, while the EU agrees to buy more U.S. energy and technology products; the agreement has drawn criticism from many commentators and politicians. But MateosyLago said the deal ended the uncertainty of recent months and avoided a more serious escalation in trade tensions. She said policymakers in Brussels can now focus on internal reforms and signing trade deals with other partners. "Within the range of realistic outcomes, the deal is already good," MateosyLago said.
