The president of the United States, Donald Trump, This Sunday announced a “historical” commercial agreement with the European Union (EU), which includes a 15% general tariff for European products entering the North American country. The Pact, according to Trump, also includes significant European purchases of US energy and military equipment, as well as investments for hundreds of billions of dollars in the US economy.
“They are accepting to open their countries to trade with zero tariff,” said the president before the press. “The EU will buy a lot of US military equipment”He added, highlighting what he described as a “new just and safe commercial balance for both parties.”
From Brussels, the president of the European Commission, Ursula von der Leyen, confirmed the general terms of the agreement, stressing that The 15% rate will be applied “uniformly in all sectors” and that its implementation will allow to “rebalance a historically asymmetric commercial relationship.”
Energy, Defense and Strategic Investments
One of the central axes of the agreement lies in the European commitment to acquire American energy for an estimated value of US $ 750,000 million. To this would be added a direct investment of US $ 600,000 million in strategic sectors within the US territory, according to figures contributed by President Trump.
The pact also foresees the purchase of American defense material, strengthening geostrategic links between both powers in a context of growing global tensions.
Relief for industrial markets and sectors
The news was received with relief by international markets, which feared a reciprocal tariff escalation if an understanding was not reached before August 1, the deadline imposed by the US administration. It should be remembered that, since April, European exporters They faced an additional 10%tariff, above the previous average of 4.8%. The new 15% tax scheme – which would consolidate the rights already in force – is seen by Brussels as a stabilization rather than an aggravation of the commercial landscape.
In specific sectors, such as the automaker, the change is substantial: European vehicles, which currently pay 27.5% tariff when entering the US, they will see that tax at 15% reduced, generating positive expectations among manufacturers.
Gray Areas: Pharmacists and Transparency
Despite the announcement, The agreement still leaves areas of uncertainty. In particular, no details were offered about the treatment of pharmaceutical products, item in which Trump threatened to impose tariffs of up to 200%, arguing “special concerns” regarding imports.
Neither Washington nor Brussels confirmed the inclusion or exclusion of medicines in the pact. Representatives of the European pharmaceutical industry have expressed concern about the possible impact of these measures, which They could affect the competitiveness of one of the most innovative and strategic sectors in the region.
Source: Ambito
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