The United States and the European Union have reached a breakthrough trade agreement, easing tensions and avoiding a looming trade war between the two global economic giants.
Under the new deal, the U.S. will implement a reduced 15% tariff on most EU imports—down from the previously proposed 30%. The agreement was finalized during a high-level meeting in Scotland between U.S. President Donald Trump and European Commission President Ursula von der Leyen.
The EU also committed to significant purchases of U.S. energy and military equipment, with total trade expected to surpass $750 billion in the coming years.
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The move is expected to boost confidence across several sectors, including manufacturing, automotive, and energy, benefiting exporters and easing cost pressures for SMEs operating in transatlantic trade.
Industry leaders welcomed the deal, particularly in Germany, where major carmakers had faced steep tariffs. The agreement provides a level of predictability and market stability, although some product categories like alcoholic spirits still await final clarification.
Analysts say the deal sends a positive signal to global markets and may serve as a model for future trade negotiations.
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