US-EU joint statement says tariffs relief for autos to come in "hopefully weeks"

8 months ago 29

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The US and EU releases a joint statement on the details of the trade deal from last month

EU intends to eliminate tariffs on all US industrial goods, provide preferential market access for US seafood and agricultural goods
EU intends to procure $750 billion in US LNG, oil and nuclear energy products
Reaffirms intention for EU firms to invest additional $600 billion across US strategic sectors through 2028
US to levy 15% tariffs on most EU imports, including autos, pharmaceuticals, semiconductor chips
US will act to lower tariffs on autos, auto parts when EU introduces legislation to enact tariff reductions

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