Main Provisions of the Agreement

• The U.S. agreed to implement a fixed 15% customs tariff on goods imported from the EU, stepping back from a potential 30% high tariff.

• Including the automotive sector, most products will be subject to this 15% tariff. Von der Leyen emphasized that the agreement covers a “flat 15% all-inclusive tariff.”

• Special products in the pharmaceutical sector (such as generic drugs and certain chemicals) will likely be exempt from tariffs or subject to special arrangements; details will be clarified in further negotiations.

Additional Commitments

• The EU announced that in the coming period, it will purchase $750 billion worth of American energy products.

• Additionally, the EU has committed to a $600 billion investment package.

• Initiatives may be launched for a “zero-zero” tariff on certain strategic sectors (such as aerospace components and semiconductors); however, the harmonization process is still ongoing.

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Allianz leadership assessed the agreement as a move to avoid a crisis for Germany’s strong automotive industry.Chairman of the European Parliament’s Trade Committee Bernd Lange criticized the deal as “unbalanced”, stating that the investment commitments could come at a cost for EU industry. Trump described the deal as a “good deal for everybody”.

The written version of the agreement has not yet been published, as final approval from EU member states and parliaments is still pending. This arrangement reflects an approach consistent with other **15–20% tariff trade agreements** signed by the Trump administration with countries like Japan, the United Kingdom, and Vietnam.

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