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US and EU Finalize Details of New Trade Agreement

The United States and the European Union (EU) have publicly disclosed the details of the trade agreement they reached last month. The joint statement includes comprehensive regulations on customs tariffs, energy purchases, technology cooperation, and strategic investments.

New Regulation on Customs Tariffs

Starting September 1, the U.S. will impose a 15% tariff on most imports from the EU — including automobiles, pharmaceuticals, semiconductors, and lumber. However, the U.S. agreed to reduce tariffs on automobiles once the EU’s “tariff reduction law” comes into effect.

Additionally, the U.S. will only apply MFN (Most-Favored Nation) tariffs to aircraft and spare parts, generic drugs, chemical precursors, and scarce natural resources.

In return, the EU will remove tariffs on all U.S. industrial products and provide preferential access for U.S. seafood and agricultural goods.

Energy and Technology Purchases

Under the new agreement, the EU committed to purchasing $750 billion worth of LNG, oil, and nuclear products from the U.S. Furthermore, the deal includes at least $40 billion in AI chip purchases by the EU.

These measures aim to strengthen U.S.-EU cooperation in both energy security and technology.

Investment and Strategic Cooperation

The EU has agreed to invest $600 billion in U.S. strategic sectors by 2028. The two sides also plan to negotiate rules of origin to ensure that the benefits remain limited to bilateral relations.

In addition, new cooperation mechanisms are being considered for protecting the steel and aluminum markets, removing barriers to digital trade, and securing supply chains. The EU pledged not to introduce network usage fees, while tariff quota solutions are also under discussion.

This new U.S.-EU trade agreement paves the way for large-scale investments in both energy and technology sectors. The mutual concessions made by both parties could signal a major shift in global trade dynamics.


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