Suddenly, Donald Trump leaned toward Ursula von der Leyen and extended his hand, praising, with his signature superlatives, “the biggest deal ever made.” Up to that point, the European Commission president had remained still in her large green velvet chair, but she accepted the handshake. That gesture closed, on Sunday, July 27, dozens of hours of sometimes bewildering negotiations between the European and American delegations, culminating in the meeting held in the ballroom of the sprawling Turnberry golf resort, owned by Trump, on Scotland’s west coast.
The suspense lasted until the very last minute. At the start of the meeting, the Republican, claiming to be “not in a good mood,” still estimated the odds of reaching a deal at 50%. The agreement was clinched just five days before the August 1 deadline he had previously set, after which European exports would have faced punitive tariffs of 30%.
Faced with two evils, the 27 EU member states chose what they saw as the lesser: an unbalanced compromise favoring the US rather than risking a full-scale trade war with unpredictable consequences. The choice was of “stability over total unpredictability,” European Commissioner for Trade Maros Sefcovic explained on a flight from Brussels to Glasgow. While German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni welcomed the agreement without much enthusiasm, it was Belgian Prime Minister Bart De Wever who best summed up the mood among European leaders: “This is a moment of relief, but not of celebration.” French Minister for European Affairs Benjamin Haddad, meanwhile, recognized the deal would bring “temporary stability” but called it “unbalanced.”
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