On July 27, 2025, President Trump announced that the U.S. and European Union (“EU”) have reached a trade deal. Pursuant to the
Fact Sheet released by the White House on July 28th, the U.S. will impose a 15% tariff on all EU goods, including auto parts, pharmaceuticals, and semiconductors. The Fact Sheet further stated that the sectoral tariffs on steel, aluminum, and copper will remain unchanged at the 50% rate. It is not year clear how the different applicable tariffs will stack on top of one another. We expect further guidance on this from U.S. Customs and Border Protection.
The trade deal also requires the EU to purchase $750 billion in U.S. energy and make $600 billion in new investments into the U.S. by 2028. Additional matters and goals were outlined in the Fact Sheet, such as an agreement to address tariff barriers on different industries including U.S. industrial and agricultural exports, digital trade, among other goals.
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