Gavin Grey: UK correspondent on recent reports claiming the EU loses out in US-EU trade deal

Analysis of the EU-US trade deal suggests it’s a huge win for the US and a major climbdown for the EU.

The details of the deal have still been kept under wraps, but Donald Trump is set to meet with Prime Minister Sir Kier Starmer to further discuss trade.

UK correspondent Gavin Grey explains further.

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Episode Transcript

Speaker 1 (00:00):
Gavin Gray, UK correspondents with US Now even in Gevin
Hi there. Now, does it look to you like the
EU deal with the US is not that great for
the EU?

Speaker 2 (00:09):
Yeah, and I think the media and analysts are suggesting
as much this morning. Of course, we still really don't
have much in the way of detail, but the European
Union and America heralding as a big deal, and it
is a big deal because it's roughly one in three
goods and services around the world, So the US EU

(00:30):
trade is a massive, massive factor around the world. But
we now know, of course that the EU will still
end up paying tariffs. Well, looks like everyone is going
to fifteen percent, so that's half the thirty percent that
they were being threatened with, but more than the UK's
ten percent. And the deal will add roughly ninety billion

(00:52):
US dollars revenue for American government coffers. I mean, that's
a huge sum of money. And the EU also buying
US energy products and also a defense worth hundreds of
billions of dollars. And indeed jd Vance has said that
he reckons that the headlines around the world will be
Donald Trump only got ninety nine point nine percent of

(01:14):
what he asked for what did Europe get back in return? Well,
I think they are kind of playing the longer game.
The European economy is sluggish at the moment, so they
didn't want to upset that they need America's help for
defense and now recognize that. And despite the tough words
from Emmanuel mac Gran saying that it should be a
level playing field and Europe should then impose tariffs on America,

(01:35):
it just looks like they thought, do you know what
will swallow this pill? It'll make exports imports from America
more expensive and therefore I dissuade people from buying American
and overall decided this was something that they would have
to do and will do. But they're painting it as
a success.

Speaker 1 (01:54):
How long do you think that the UK is prepared
to drop eight into Gaza because this is not a
short term effect, is it?

Speaker 2 (02:00):
No, it isn't And at the moment, so far the
planes that have been on route via Jordan and Ua
have not involved the IREF and have not been UK
food or UK provided supplies. But the British Prime Minister
says they are working with Jordan now to get British

(02:22):
planes and indeed British supplies in the air and into Gaza.
It comes at a very very interesting time with Israel
now saying they'll do these tactical ceasefires are tactical peace
times in order to get the AID in. There's huge
pressure on Sekire Starmer France is to become the first
G seven nation to recognize a Palestinian state. A large

(02:46):
number of MPs, even from Sekire Starmer's own party of government,
are demanding that he recognized Palestine as an independent state
and now here Sekis Darmer is today with a two
hour meetings set aside to speak to Donald Trump. Yes,
it will be about aid and it will be rather
about trade. That's what Donald Trump wants to talk about,

(03:09):
to flesh out a few of the little issues that
remain following the announcement of a trade deal with do
in the UK and the US, but also secure Starma.
Definitely promising to mention the situation in Gaza.

Speaker 1 (03:21):
Kevin, it's good to talk to you. Look after yourself.
We talked to you in a couple of days, Kevin Gray,
UK correspondent.

Speaker 2 (03:26):
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