U.S. and EU Finalize Trade Deal, Eliminating Key Tariffs
TL;DR Summary
US President Donald Trump has agreed to limit tariffs on EU pharmaceuticals and semiconductors to 15%, down from potential rates of 250% and 100%, as part of a broader trade deal with the EU that includes tariff reductions on various goods, contingent on legislative approvals. The deal aims to enhance transatlantic trade stability and provides protections for Irish exporters, though some sectors like wine and spirits remain disappointed due to unresolved tariff issues.
- Donald Trump backs down from 250% EU pharma tariff in deal BBC
- Trump 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
- It’s official. We have finalized our historic U.S.–EU Framework Agreement on Reciprocal, Fair, and Balanced trade. The EU has agreed to open its $20 Trillion market. The second largest in the world behind the great USA This deal: ➡️ Eliminates EU tariffs on x.com
- EU pushes to secure lower US car tariff from August 1 Reuters
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