Reported about 7 hours ago
On Sunday, the U.S. and the EU finalized a framework trade deal, marking the end of prolonged uncertainty for businesses and consumers. Key aspects include a 15% baseline tariff on nearly all EU goods entering the U.S., with certain sectors like semiconductors still under review. Both parties agreed to eliminate tariffs on aircraft and components, while maintaining 50% tariffs on European steel and aluminum, which will eventually transition to a quota system. Additionally, the EU committed to purchasing $250 billion worth of U.S. liquefied natural gas annually for three years and military equipment, alongside a pledge from European companies to invest $600 billion in the U.S.
Source: YAHOO