LeadStory

What is in the U.S.-EU trade deal?

Asked 5 hours ago

Answer

The U.S.-EU trade deal introduces a 15% U.S. tariff on most EU imports, while the EU eliminates tariffs on all U.S. industrial goods. The agreement grants preferential access for U.S. seafood and agricultural products to the EU, and includes a pledge for the EU to buy U.S. AI chips. Tariffs on wine and spirits remain unchanged.

Now Playing

France 24

EU gets 15% U.S. tariff for cars, but no wine reprieve

France 24 ยท New
France 24
France 24
New
  • US-EU trade deal imposes a 15% tariff on about 70% of European exports to the US. 9s
  • Key sectors affected include cars, pharmaceuticals, semiconductors, and lumber. 37s
  • Wine and spirits are not exempted from the new tariffs, ending zero tariffs since 1997. 48s
  • Tariff reduction for cars depends on EU legislation to lower duties on US goods. 1m 25s
  • Existing higher sector-specific duties in the EU will remain unchanged. 1m 42s
EconomyForeign AffairsBusinessCars & Motoring

References

EU gets 15% U.S. tariff for cars, but no wine reprieve
Icon
France 24
7 hours ago
EU gets 15% U.S. tariff for cars, but no wine reprieve

A 15% tariff applies to about 70% of European exports to the U.S., including cars, pharmaceuticals, and semiconductors; tariffs on wine and spirits remain after decades of zero duties.

New details on U.S.-European Union trade deal framework
Icon
CBS News
10 hours ago
New details on U.S.-European Union trade deal framework

The U.S. will impose 15% tariffs on European cars, pharmaceuticals, and other goods, while the EU drops tariffs on all American industrial exports and pledges to buy at least $40 billion in U.S. AI chips.

U.S. reaches EU trade agreement framework
Icon
CBS News
18 hours ago
U.S. reaches EU trade agreement framework

Key points include a 15% blanket tariff, increased EU investment in U.S. energy, agriculture, and seafood, and preferential market access for EU products in the U.S.

U.S. and EU lock in trade deal
Icon
Reuters
20 hours ago
U.S. and EU lock in trade deal

The deal includes a 15 percent U.S. tariff on most EU imports, while the EU eliminates tariffs on all U.S. industrial goods and grants preferential access for U.S. seafood and agricultural products.

What Are People Asking?