Who are the winners and losers in US-EU trade deal?

The US and EU have struck what’s being called the largest trade deal ever but it’s only a framework for now. Trump secures big headlines, but reactions are mixed across industries and nations. 

 Losers: EU pharma, German carmakers, US consumers

 Winners: US energy, stock markets, American automakers, aviation sector

Read the full breakdown of what it means for the global economy

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The new US-EU trade deal, though still in its early stages, is already shifting power balances across the Atlantic. President Donald Trump has claimed a major political victory by securing the largest trade framework ever signed, giving his administration a key international win. The US comes out strong in several sectors. For one, US energy suppliers stand to benefit massively. The EU committed to purchasing $750 billion worth of US liquefied natural gas, oil, and nuclear fuels to reduce its dependence on Russian energy. This aligns with Trump's energy export strategy and strengthens US-Europe energy ties.

Another big winner is the American car industry. The EU has agreed to reduce its tariff on US-made cars from 10% to just 2.5%, opening the door for more US auto exports to European markets. However, complications remain, as many American cars are assembled outside the US and face steep tariffs when re-entering the country.

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The aviation industry also gains. Aircraft and plane parts, alongside select chemicals and agricultural products, will be exempt from tariffs, ensuring smoother transatlantic supply chains for both EU and US manufacturers.

Stock markets have responded positively to the deal's announcement. Asian and European markets rose, seeing the agreement as a signal of economic stability. Although tariffs are still present at 15% on many goods markets appreciate the clarity and reduced trade war risks.

In essence, the US energy sector, aviation manufacturers, American automakers (to an extent), and global markets have come out ahead at least in the short term. Whether the long-term impacts align with the early optimism remains to be seen.

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