EU-US joint trade statement published

( August 21, 2025, 11:34 GMT | Official Statement) -- MLex Summary: The EU and the US today published a joint statement outlining details of a trade agreement that was announced on July 27. The text includes 19 commitments on tariffs and investments, with the US agreeing to cap tariffs at 15 percent in key sectors such as pharmaceuticals, semiconductors and lumber. The US will also cut automotive tariffs to 15 percent once the EU proposes legislation to reduce tariffs on all US industrial goods, and to “provide preferential market access” for a broad range of US agricultural products.Full statement follows....

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