The USA and the EU agreed on the new framework of mutual, fair and balanced trade, which is a significant step towards strengthening one of the world's largest economic partnerships. According to a joint statement published by both parties, the trading agreement between the US and the EU is aimed at expanding access to markets, reducing tariffs and attracting massive investments in energy, technology and defense, while providing honest competition and safe supply chains.
Strategic The value
The economic relations of the United States and the EU already support $ 5 trillion of mutual investments. This new structure strengthens both parties to strengthen the stability of the supply chains, stimulate “green” and digital transitions and ensure transatlantic economic security from non -and -minute practice.
Key elements of the trade agreement USA-Es
1. Reducing tariffs and access to markets
the EU pledged to cancel the tariffs for all industrial goods of the United States, while the United States pledged to apply a higher NBN tariff rate (the most favorable nation) or a 15 percent tariff for goods from goods EU. Section 232 tariffs and cars
US tariffs for pharmaceuticals, semiconductors and lumber are limited by 15 percent. No tariffs for automobile or automobile spare parts in section 232 will be applied to the EU goods, which are applied to the NBN tariff of 15 percent or higher.
3. Steel, aluminum and excessive capacities
the United States will introduce a 15 percent imported tariff for most EU countries
