U.S. and EU Reach Agreement on Auto, Pharma, and Chip Tariffs
TL;DR Summary
The US and EU reached an agreement to limit tariffs on pharmaceuticals, lumber, and semiconductors to 15%, with the US planning to roll back some tariffs to pre-January levels and the EU committing to purchase US energy and AI technology, signaling a step towards improved trade relations despite ongoing disagreements on certain exemptions.
- Trump backs off higher tariffs for E.U. pharma and chips NBC News
- U.S. and E.U. Agree on Details of Trade Deal: Trump Administration Live Updates The New York Times
- U.S. and EU spell out tariffs for autos, pharmaceuticals, and more CNBC
- US to keep high tariffs on European cars until Brussels moves to lower its levies Financial Times
- U.S., Europe release new details on auto tariffs under trade deal Axios
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