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Reuters

U.S. and EU lock in trade deal

Reuters · Just In
Reuters
Reuters
Just In

The U.S. and the European Union have locked in a framework trade deal that includes a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber.

Breakdown
  • U.S. and EU have finalized a trade deal including a 15% U.S. tariff on most EU imports. 8s
  • The EU will eliminate tariffs on all U.S. industrial goods and give preferential access to U.S. seafood and agricultural products. 33s
  • The U.S. will reduce tariffs on cars and car parts, with the EU seeking retroactive lower tariffs for its car exports. 44s
  • Tariffs on wine, spirits, and beer remain unchanged, though the EU hopes for future negotiations. 59s
  • Leaders from both sides described the agreement as historic and suggested it could be expanded. 1m 37s
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