According to PANews, on July 27 local time, U.S. President Trump announced that the United States and the European Union reached a trade agreement, imposing a 15% tariff on EU goods exported to the U.S. The EU will increase its investment in the U.S. by $600 billion, purchase $750 billion worth of U.S. energy products, and procure U.S. military equipment. Tariffs on steel and aluminum will remain unchanged, and the agreement will benefit the automotive and agricultural sectors. The U.S. will focus on the semiconductor sector, and Secretary of Commerce Ross stated that tariff policies for semiconductors will be determined within two weeks.
European Commission President von der Leyen stated that the EU will import more liquefied natural gas from the U.S., and the tariffs for the automotive and pharmaceutical sectors will be unified at 15%. No agreement has been reached in the spirits sector, and details will be announced in the coming weeks.