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

The recent trade deal between the US and the EU has brought about both winners and losers. Carmakers on both sides of the Atlantic are seen as the main beneficiaries, as the agreement eliminates tariffs on certain automotive parts and products. Consumers, too, are expected to benefit from lower prices and a wider range of choices. However, the deal has also highlighted the potential cracks in European solidarity. Some member states, particularly those with strong automotive industries, are concerned about the impact on their domestic markets. Additionally, certain agricultural sectors, such as dairy and beef, may face challenges due to increased competition from US producers. The article suggests that the overall impact of the trade deal will vary across different industries and regions, with both positive and negative consequences. The delicate balance of interests and the need for a cohesive European response to these changes will be crucial in determining the long-term outcomes of this trade agreement.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.