The US and the EU have finally approved a framework trade agreement. What it provides for

The United States and the European Union finalize a framework trade agreement, reached at the end of July. About writes Reuters.

The document provides for the United States to impose a fixed import duty of 15% on European goods, including automobiles, pharmaceuticals, semiconductors, and timber.

Thus, the United States is reducing the current 27.5% tariff on cars and spare parts from the EU. The relief for European automakers will begin as soon as Brussels introduces the necessary legislative changes.

In addition to tariff relief, the EU confirms its intention to purchase $750 billion worth of American gas, oil, and nuclear fuel, as well as $40 billion worth of artificial intelligence chips.

European companies have also pledged to invest another $600 billion in strategic industries in the United States by 2028.

The two sides agreed to work to remove barriers to digital trade and harmonize rules of origin, and will consider joint actions on the steel and aluminum markets to avoid overcapacity while ensuring supply chain stability.

• August 1, Trump increased duties to the highest level since the Second World War, but it did not affect Ukraine.