BERLIN (Reuters) -German Chancellor Friedrich Merz said on Monday he was not satisfied with the result of trade talks with the United States, but "more simply wasn't achievable" and added the German economy would suffer "significant" damage due to the agreed tariffs.

The Europe trade deal will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than Europeans hoped for.

The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday.

"The trade agreement negotiated by the European Commission with the United States will bring temporary stability to economic actors threatened by the escalation of American tariffs, but it is unbalanced," wrote French European Affairs Minister Benjamin Haddad on X.

In the wake of the Trump administration’s trade deal with the European Union, investors have turned to watching for other agreements ahead a deadline at the end of this week — and they’re looking for progress in talks with China,

After securing an E.U. trade deal, President Donald Trump will meet Prime Minister Keir Starmer in Scotland to discuss the U.K.'s trade agreement.

Questions, critiques and discrepancies are hanging over the framework agreement, but investors seem to view it as a win all the same.

Derek Scissors, AEI Asia economist, joins 'The Exchange' to discuss Trump's push for a deal with China and the hurdles and likely outcomes from the negotiations.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal