Leaders from Europe's two largest economies have led a chorus of gloomy reactions to the trade deal struck between EU chief Ursula von der Leyen and US President Donald Trump.

The EU-US trade deal prompted a backlash in Europe on Monday, with France’s Prime Minister François Bayrou saying that the bloc had “resigned itself into submission”.

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.

Merz said the recently concluded trade agreement between the EU and the United States — which includes a 15% tariff on most EU imports — would cause “significant damage” to German industry. Read also: Giorgia Meloni supports U.

German Chancellor Friedrich Merz has warned that the compromise reached in the tariff dispute between the European Union and the United States will severely impact Germany's export-oriented economy. "The German economy will suffer significant damage from these tariffs,