"This is clearly the best deal we could get under very difficult circumstances," said Maroš Šefčovič, the European Commissioner for Trade.
Breakdown
- US to impose 15% tariffs on European products, while American goods enter Europe freely. 7s
- EU secured exemptions for certain goods, including aircraft components and agricultural products. 34s
- Tariffs on European vehicles reduced from 27.5% to 15%; steel and aluminium tariffs remain. 55s
- EU pledged to buy $750 billion in US energy and military equipment; European companies to invest $600 billion in the US. 1m 23s
- Some EU lawmakers criticize the deal as disadvantageous, citing lack of unity among member states. 1m 38s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.