Today\'s deal creates certainty in uncertain times. It delivers stability and predictability, for citizens and businesses on both sides of the Atlantic. This is a deal between the two largest economies in the world. We trade USD 1.7 trillion per year. Together we are a market of 800 million people. And we are nearly 44% of global GDP. Just a few weeks after the NATO summit, this is the second building block, reaffirming the transatlantic partnership.
Maybe, but what I don’t understand is why the EU didn’t discuss also trade in services, at least not in public. The value of trade in services between the EU and the US was 817 billion euros in 2024 (according to Eurostat), quite close to the trade in goods which was 867 billion euros. And US surplus in trade in services is 148 billion euros in 2024. That is around three quarters the deficit the US makes in trade of goods which is 197 billions euros.
So the EU has leverage, especially as trade in services has been increasing extensively over the years and is reasonably expected to to so in the future.