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US–EU Seal Landmark Trade Pact with 15% Tariff Framework
In a significant step toward reshaping transatlantic commerce, Washington and the European Union have finalized a framework trade agreement that cements a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors, and lumber.
Under the deal, the EU will eliminate tariffs on all American industrial goods and grant preferential market access for a range of U.S. seafood and agricultural products. In return, the U.S. has pledged to scale back its current 27.5% tariffs on European cars and parts once Brussels introduces legislation to enact its promised tariff cuts.
The agreement also outlines major economic commitments: the EU will purchase $750 billion in U.S. energy products and invest an additional $600 billion in strategic U.S. sectors by 2028. Both sides have agreed to address digital trade barriers and explore expanding the pact to cover more sectors in the future.
Leaders on both sides hailed the accord as a “historic accomplishment,” positioning it as a foundation for deeper economic cooperation and a stabilizing force in global trade.
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