The United States and the European Union finalized a major trade framework that reshapes transatlantic economic relations. Under the agreement, the U.S. sets a 15% tariff on most EU imports, including automobiles, pharmaceuticals, semiconductors, and lumber. In return, the EU will eliminate tariffs on all U.S. industrial goods and expand market access for American agricultural products.
The EU pledged to buy $750 billion in U.S. energy products and $40 billion in AI chips by 2028. European companies will invest $600 billion in strategic U.S. sectors. Both sides agreed to cooperate on digital trade, streamline sanitary certifications, and remove customs duties on electronic transmissions.
Analysts expect the deal to strengthen economic ties, reduce trade imbalances, and influence global trade dynamics. Some caution, however, that the agreement lacks a binding legal framework, which could create uncertainties during implementation.
