EU, US Rush to Clinch Final Details and Lock In Trade Deal (2)

July 29, 2025, 8:32 AM UTC

The European Union dodged an imminent trade war with the US this week, but markets and a growing chorus of critics have dispelled early hopes that the deal will bring a sense of stability back to transatlantic relations.

The euro fell to a five-week low of $1.1527 on Tuesday, having fallen about 1.8% since the trade deal was announced. That’s after the common currency had surged to a near three-year high last week on the prospect of an agreement with the US.

Read More: EU Leaders Defend US Deal as German Industry Voices Concerns

The EU over the weekend agreed ...

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