August 08, 2025Aug 08, 2025
KCNA Pyongyang Times

Unequal EU-US relations revealed through tariff agreement

Date: 07/08/2025 | Source: Pyongyang Times | Read original version at source

The European Union has recently concluded a humiliating tariff agreement with the US, drawing the attention of the international community.

The EU became the US’ object of tariff imposition last March. The US imposed 50 percent tariffs on steel and aluminium, 25 percent on automobiles, and 10 percent on other commodities.

Upset by this, the EU announced it would accept the introduction of the US’ 10 percent tariffs on all European commodities, trying to bring negotiations with the US to success by any means.

Later, when the US threatened to impose 30 percent tariffs on all commodities of the EU from August 1, the EU expressed the stand to take all necessary retaliatory measures in case the US imposes new tariffs on European commodities.

On July 24, the EU member states approved a plan for imposing retaliatory tariffs on the US commodities worth €93 billion to cope with the case of the breakdown of the tariff negotiations with the US.

But the EU, which had made a great fuss as if to take strong countermeasures against the US’ new tariff threat, eventually succumbed to the coercion of the US. It consented to an unequal tariff agreement with the US on July 27.

According to the agreement, the US imposes 15 percent tariffs on goods from the EU and the EU invests US$600 billion in the US and purchases the US-made energy worth US$750 billion.

Some EU nations have the view that the agreement might help avoid a trade war, which might deal a heavy blow to the global economy, and bring “stability” and “foresight” to the European economy, but opposing views are widely held.

The chairman of the International Trade Committee of the European Parliament said that the agreement is not only unsatisfactory but also contrary to Europe’s fundamental interests, expressing concern that the agreement is unbalanced and even might do long-term damage to Europe.

The US has started the tariff war with a view to threatening its allies and disturbing the stereotyped economic and trade practices with its trade partners so as to earn profits to the maximum and maintain its supremacy.

As it advocates the “America-first” principle that it is above everything and that the world should serve it, the US resorts to every possible means and method for its own interests whether its allies suffer damage or not.

The friction between the US and the EU prompted by their interests will go on.

More From Pyongyang Times

India resists US pressure

India resists US pressure

The US ruler threatened last July that India would face additional punishment in case it purchases Russian weapons and crude oil,

August 07, 2025

The US ruler threatened last July that India would face additional punishment in case it purchases Russian weapons and crude oil,

SPA delegation returns home

SPA delegation returns home

The delegation of the Supreme People's Assembly of the Democratic People's Republic of Korea led by Speaker Pak In Chol returned

August 07, 2025

The delegation of the Supreme People's Assembly of the Democratic People's Republic of Korea led by Speaker Pak In Chol returned

Innovative successes attained successively in Ragwonpho

Innovative successes attained successively in Ragwonpho

A splendid landscape is unfolding in Ragwonpho. Hundreds of superb dwelling houses and public buildings that suit the

August 07, 2025

A splendid landscape is unfolding in Ragwonpho. Hundreds of superb dwelling houses and public buildings that suit the

Brazilian President determined to defend national sovereignty

Brazilian President determined to defend national sovereignty

The Brazilian President stressed the stand to defend the sovereignty of his country on July 31. Although the US ruler is applying

August 06, 2025

The Brazilian President stressed the stand to defend the sovereignty of his country on July 31. Although the US ruler is applying

Venezuelan FM decries US’ child abduction

Venezuelan FM decries US’ child abduction

The Venezuelan foreign minister in an article posted on an SNS on July 29 denounced the US’ despicable abduction of children.Discl

August 06, 2025

The Venezuelan foreign minister in an article posted on an SNS on July 29 denounced the US’ despicable abduction of children.Discl

Masikryong spring water

Masikryong spring water

The Masikryong spring water wells up in the Masikryong Mountains where there is the Masikryong Ski Resort. The spring water gushes

August 06, 2025

The Masikryong spring water wells up in the Masikryong Mountains where there is the Masikryong Ski Resort. The spring water gushes

Attaching importance to science and technology, enlisting talents

Attaching importance to science and technology, enlisting talents

The whole society of the DPRK holds fast to the principle of attaching importance to science and technology and enlisting talents.

August 06, 2025

The whole society of the DPRK holds fast to the principle of attaching importance to science and technology and enlisting talents.

Many women become persons of meritorious service over last decade

Many women become persons of meritorious service over last decade

Over the past 10-odd years, many women have led an honourable life amid the loving care and respect of the country and the people.

August 05, 2025

Over the past 10-odd years, many women have led an honourable life amid the loving care and respect of the country and the people.

What women say

What women say

I have been working for more than 30 years as a weaver at the Pyongyang Kim Jong Suk Textile Mill. Every year, I’ve fulfilled

August 05, 2025

I have been working for more than 30 years as a weaver at the Pyongyang Kim Jong Suk Textile Mill. Every year, I’ve fulfilled

Murders in US and UK

Murders in US and UK

A gun crime occurred in Nevada, the US, on July 28. A man fired shots at random near an amusement facility in the state, causing

August 05, 2025

A gun crime occurred in Nevada, the US, on July 28. A man fired shots at random near an amusement facility in the state, causing

China worries about humanitarian crisis in Gaza

China worries about humanitarian crisis in Gaza

A spokesman for the Chinese Foreign Ministry on July 30 expressed concern about the worsening humanitarian crisis in the Gaza

August 05, 2025

A spokesman for the Chinese Foreign Ministry on July 30 expressed concern about the worsening humanitarian crisis in the Gaza

National economic plans for July fulfilled

National economic plans for July fulfilled

The national economic plans for July were successfully fulfilled in various economic sectors and units of the DPRK. The key

August 05, 2025

The national economic plans for July were successfully fulfilled in various economic sectors and units of the DPRK. The key

Hwaeppul Cup soccer tournament begins

Hwaeppul Cup soccer tournament begins

The Hwaeppul Cup soccer tournament began on August 1. At the tournament, which is being held at Kim Il Sung Stadium in Pyongyang,

August 04, 2025

The Hwaeppul Cup soccer tournament began on August 1. At the tournament, which is being held at Kim Il Sung Stadium in Pyongyang,

More Articles