The United States will reduce tariffs on EU automobiles to 15% after the EU relaxes tariffs on U.S. goods.

According to reports from Hashili Chain News, the EU and the U.S. have reached a joint statement on a trade agreement. The EU plans to purchase $750 billion worth of U.S. liquefied natural gas, oil, and nuclear products, as well as up to $40 billion in U.S. artificial intelligence chips. In response, the U.S. will lower tariffs on EU automobiles to 15% after the EU relaxes tariffs on U.S. goods. U.S. officials revealed that the tariff reduction could be implemented within a few weeks.