The United States and the European Union have set the framework of an agreement that could set 15% rates for most imports on the blog.
As part of the pact, the EU would also acquire a value of $ 750 million from US energy exports for the next three years, while investing $ 600 million in the country, said President Donald Trump during an informative session on Sunday with the President of the European Commission, Ursula von der Leyen.
15% rate would be Von der Leyen told most EU exports, including cars, semiconductors and pharmaceuticals, said Von der Leyen in a separate informative session. He said the work rate is all included and does not include stacking.
Although Von Der Leyen said pharmaceuticals were covered under the new fare rate, Trump said that the potential rates in these products would not be part of the agreement. The United States is currently conducting various research in Section 232, including one for pharmaceutical imports. These reviews have previously served as rate precursors to goods such as steel and aluminum.
“We agree that we have 15% for pharmaceuticals. Anyone who is the decisions later is from the President of the United States, such as dealing with pharmaceuticals in general, worldwide, which is on a different sheet of paper,” said Von der Leyen.
The EU and the United States also agreed on zero zero rates in “various strategic products”, including aircraft and components, certain chemicals, semiconductor equipment, certain agricultural products and natural resources and critically raw materials, by Von der Leyen.
“And we will continue to work to add more products to this list,” said Von der Leyen, adding that commercial partners would be working on a quota system for steel and aluminum imports, which are currently facing a 50% of the United States rate worldwide.
“ This agreement provides a framework from which we will further reduce the more product rates, address non -tariff barriers and cooperate in economic security, so that when the European Union and the United States work together as partners, the benefits are tangible on both sides, ” said Von der Leyen, who added that “ details must be resolved ” in the coming weeks.
The US nor the EU did not immediately provide an exact timeline for the end and implementation of the agreement.
The two parties were launched days before the term of August 1, which country is expected to be the specific reciprocal rates of the United States country again. Specific rates in the country have stopped since April 9 in favor of a 10%reference rate.
Trump said on Sunday that his administration would send letters to the countries this week confirming or clarifying the rate rate that their imports will face on August 1. EU imports had planned to incorporate a 30% rate when the pause rose next week, Trump said in a shared letter on social media earlier this month.
The EU is the largest trade in the United States, which represents $ 606 million of imports in the state of 2024, according to data from the United States International Trade Commission. The United States also exported $ 370 million to the blog, equivalent to a $ 236 million trade deficit, the second highest in the United States with any country behind China.
The Trump administration has said that it has reached deals with other commercial partners before the period of August 1, including Japan, Indonesia and the United Kingdom, while other negotiations are underway.
