#US-EUTradeAgreement
The US-EU Trade Agreement, finalized on July 27, 2025, aims to resolve a four-month-old tariff dispute between the two economic powers. Here's a breakdown of the deal:
- *Tariffs*: The US will impose a uniform 15% tariff on European goods, while the EU will eliminate tariffs on certain US exports, including:
- *Aircraft and aircraft parts*
- *Certain agricultural products*
- *Chemicals*
- *Generic drugs*
- *Semiconductor equipment*
- *Raw materials*
- *Critical base materials*
- *Energy and Defense*: The EU will:
- *Import $750 billion worth of US energy*, including liquified natural gas, oil, and nuclear fuels
- *Invest $600 billion in the US economy*
- *Purchase hundreds of billions of dollars' worth of American military equipment*
- *Steel and Aluminum*: The US will maintain its 50% tariffs on EU steel and aluminum exports, but may replace these with a quota system
- *Automotive Industry*: European automakers will face a 15% tariff on car exports to the US, down from 27.5% previously
The agreement is seen as a significant step towards reinforcing transatlantic economic ties and cooperation. Both sides have hailed the deal as a major victory, with US President Donald Trump calling it "the largest trade agreement in history" and European Commission President Ursula von der Leyen describing it as a "huge deal".
