U.S. and EU Reach Trade Deal on Tariffs and Market Access
TL;DR Summary
The US and EU have outlined a new trade framework where the US will impose a 15% tariff on European cars and pharmaceuticals, while the EU will eliminate tariffs on American industrial exports and provide preferential access for US agricultural goods. The pact aims to strengthen trade relations, facilitate energy and investment flows, and address non-tariff barriers, with a focus on strategic sectors like cars, pharmaceuticals, and semiconductors.
- U.S. and EU flesh out trade commitments under new framework deal. Here's what is in the pact. CBS News
- Trump Administration Live Updates: U.S. and E.U. Agree on Details of Trade Deal The New York Times
- U.S. and EU spell out tariffs for autos, pharmaceuticals, and more CNBC
- Donald Trump backs down from 250% EU pharma tariff in deal BBC
- EU Urges Wine, Spirits Tariff Cut as 15% US Duty Irks Industry Bloomberg
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