Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
US President Donald Trump shakes his hand with the President of the European Commission Ursula von der Leyen, when he announces a trade agreement with the EU to Trump Golf Ternberries on July 27, 2025 in Ternberry, Scotland. Us
Andrew Harnica | Getty Images | Gets the image
The US and the European Union on Thursday revealed fresh details about their trading base, including on hot challenges and expected tariffs on pharmaceuticals and semiconductors.
After weeks of hot negotiations, Brussels and Washington finally arrived in Trade Agreement Last month, posting 15% of EU export tariffs in the US on transactions, the EU also pledged purchase We have $ 750 billion in energy and invest At least in the US an additional $ 600 billion
Many political and business leaders in Europe at the time expressed problems that the transaction is unbalanced. Several questions remained unanswered, including what tariff rate will apply to some goods that US President Donald Trump suffered from industry duties.
An ad on Thursday finally
Lumber, technology and adjustment
The key points in the statement include the United States, which are obliged to “apply a higher tariff rate either tariff (MFN) or a 15 percent tariff rate consisting of MFN and mutual tariff tariffs.”
As of September 1, the US will only apply MFN duties on several EU goods, including “unavailable natural resources (including cork), all parts of aircraft and aircraft, common pharmaceuticals and their ingredients and chemical predecessors.”
Several so -called sections 232 were limited with a wider tariff rate by 15%. Including lumber, semiconductor and pharmaceuticals, the US administration official said. This is sharply below the rates that Trump sometimes threatened as well as 100% failure on semiconductors.
Meanwhile, the statement noted that the EU intends to “eliminate the tariffs for all industrial goods and provide preferential access to the market for a wide range of seafood and agricultural goods”. This is already widely covered in the original framework.
The statement also included ideas about the purchase and investment in the EU, which previously raised questions about their expediency and the potential consequences if the obligations did not come true.
The latest announcement has once again confirmed the data on the planned expenses with the EU, including on AI chips, energy and wider investments in the US, but described them as appointed and expected, not as guaranteed commitments, said a senior administration official.
The statement on Thursday also noted plans for the EU to “significantly” increase its purchases of US military and defense equipment, even when Europe pledged to increase its own defense capabilities.
In particular, the latest agreement does not introduce changes in terms of EU digital digital services, which includes rules for major technology companies and has long caused disputes in trading talks.
Pharmaceutical
The European Pharmaceutical Sector – the main source of the United States for the import of pharmaceuticals – will also see tariffs limited to 15%. Critically, the rate will not be made up of other tariffs on the entire EU.
On September 1, the Trump administration has also agreed to apply only MFN pricing policy to common pharmaceuticals. The directive is aimed at reducing drug prices in the United States, linking them to usually less prices paid by other developed countries.
Back in April, Trump administration launched the so -called section 232 investigation on pharmaceutical products to study the impact of imports on national security. In recent weeks, Trump has threatened Tips up to 250% in the pharmaceutical sector and sent ultimatum For large firms that require reduce medicines in the US.
The White House leader has long hacked the sector over what he was named “abusive” The practice of pricing, at the same time calling on firms to move their production operations, in attempts to strengthen domestic production.
This has caused a flurry of investment commitments in the US over the months, including Novartis, Astrazeneca and Roche, as well as for adjusting Novo Nordisk and Eli Lilly.
Toss
The US and the EU said on Thursday that they agreed with the conditional tariff for 15% for European auto parts and auto parts for the United States – but only after Brussels introduces the legislation to reduce its industrial duties, a senior administration official reports.
The official added that the simple introduction of the EU legislation to reduce the speed of industrial tariffs will be enough to start this compromise.
“As for cars, the US and the European Union intend to accept and provide mutual recognition of each other’s standards,” the US and the EU said in a joint statement on Thursday.
According to the terms of the trading base affected by the end of July, the EU said it eliminates “low” duties on industrial goods from the United States
Speaking at the end of last month, Trump accepted the initially disclosed frame as the biggest trading deal, which is done, and the one that promised to be “great for cars”.
The prospect of 15% of the tariff rate for auto parts and auto parts is a significant decrease from the threat of the US president to make a fee of 30%. It is also almost half the existing tariff rate in a car show in Europe with 27.5%.
Previously, industry groups expressed deep concern for the cost of tariff reality.
The German Automobile Industry Association (VDA), which represents more than 620 companies involved in the German car show, warned the tariff for 15% on autonomous products, “cost German car companies annually and places the burden of their transformation annually.”
