- The US and EU have agreed on a framework for a trade deal to enhance equitable trade and investment.
- The agreement aims to strengthen economic ties and drive reindustrialization.
- The EU plans to eliminate tariffs on US industrial goods and provide market access for various US agricultural products.
- The US will apply the higher of the MFN tariff rate or a 15 percent tariff on EU goods, with some exceptions.
- Both parties will consider expanding the agreement to include more sectors and products.
- The US will ensure tariffs on certain EU goods do not exceed 15 percent.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
