EU trade agreement implements 15% tariff on European goods as EU leaders reluctantly accept terms, with France calling it "a dark day," while President Donald Trump celebrates the deal in Scotland.

"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.

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.

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

After the US-UK trade deal, aerospace industry officials urged the White House to use it as a template for future trade negotiations. GE's Culp and Delta Air Lines CEO Ed Bastian mentioned the deal as a template to follow. The agreement stops short of restoring the whole 1979 agreement and focuses on the single largest aerospace markets.

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.

President Donald Trump’s trade deal with the European Union could prompt other partners to move more quickly in pursuit of assurances they’ll avoid new tariffs next week.