Remarks by Commissioner Šefčovič at the European Parliament Plenary debate on the implementation of the EU-US trade deal and the prospect of wider EU trade agreements
Date: Sep 10, 2025
Speaker: Commissioner Šefčovič
Word count: 388
Link: Remarks by Commissioner Šefčovič at the Plenary debate on EU-US trade and wider trade agreements
요약: 유럽연합은 2025년 7월, 미국의 30~50% 고율 관세 부과를 막기 위해 EU의 규제 주권과 가치에는 손대지 않으면서도 무역전쟁을 피하는 통상 합의를 선택했다. 이는 불확실성과 갈등 대신 안정성과 예측 가능성을 확보해 EU 기업·일자리·미국 시장 접근을 지키기 위한 현실적이고 전략적인 결정이었다.
글로서리: X
Madam President,
Honourable Members of the European Parliament.
On 27 July, Europe faced a stark choice: risk economic catastrophe, or act to protect our economy. We chose the latter; the only responsible option with a tangible effect - for our businesses and the jobs they create.
So, this was not, as some have claimed, a “capitulation”, or a “sell out” or “no negotiations”.
Far from it - it was a choice, of stability and predictability, over uncertainty, escalation, and ultimately, a trade war that would have benefited no one in Europe.
And throughout these tough and demanding negotiations, our commitment to the EU's values, and its unique economic and social model, has been unwavering.
This model, including our regulatory autonomy, is not for sale. Ever.
And we stand ready to defend it, if need be, also with our trade instruments.
So the choice we have made, was – and still is – in our best interests.
After having spent hundreds of hours speaking to my counterparts, I can tell you with clarity: the US is convinced that it needs to change the terms of its trade with the rest of the world.
Our vision is different – but the world as we knew it, will not come back. And nostalgia will not help us adapt to the new reality.
Making this deal is the right move for the EU, for four reasons:
First, by reaching an agreement with the United States, Europe avoided tariffs on our exports of 30 to 50%.
This would have had a severe impact, on our farmers, our carmakers, our manufacturers, our workers, our citizens.
It would have severely damaged our political partnership and our economic relations with the US, affecting:
1.7 trillion euros of trade every year;
5 trillion euros in investment on both sides; and
5.7 million jobs that depend on EU-US trade.
I didn't hear many in politics and no-one in the industry, arguing that we should put this at risk – particularly not with a war still raging on the European continent. Ultimately, we secured the best deal possible.
Second, this agreement provides more stability and predictability, vital for EU businesses suffering from volatility and uncertainty.
Third, the deal helps ensure access for European products to the US market on competitive terms, in particular compared to imports from other countries.