US EditionUS and EU frame the ongoing deal between the trading partners and solidify some commitments
- On Thursday, a joint statement was released by the U.S. and the EU outlining their ongoing trade agreement and reinforcing certain commitments.
- The agreement follows trade tensions that included a threat by the U.S. to impose 30% tariffs on European goods if no deal was reached by August 1.
- The agreement establishes a 15 percent tariff level applied by the U.S. on most imports from Europe, links the details of auto tariffs to EU legislative decisions, and includes mutual reductions in various tariffs by both parties.
- The U.S. and EU together represent 44% of the world’s economy and engage in roughly $2 trillion in trade annually; the deal also tackles issues beyond tariffs, including regulations related to digital commerce and environmental standards.
- The agreement seeks to reinforce the largest bilateral trade partnership, encompassing $750 billion in energy procurement and EU investments totaling $600 billion by the year 2028.
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The EU and the United States have agreed on the joint declaration on duties after the political agreement reached by President Ursula von der Leyen and President Donald Trump...
White House announces EU trade deal
The White House on Thursday announced a highly anticipated trade deal with the European Union (EU). The Trump administration said EU counterparts have agreed to eliminate all tariffs on industrial goods imported from the U.S. and to widen preferential market access to U.S. seafood and agricultural products. In exchange, most EU exports — notably pharmaceuticals,…
·Washington, United States
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Total News Sources60
Leaning Left13Leaning Right7Center20Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 18%
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