00:00The United States and the European Union reached a sweeping trade framework on July 27th in which the U.S. will impose 15% tariffs on most goods imported from the EU, half the initially threatened 30%, averting a potential trade war.
00:16In return, the European bloc has committed to invest around $600 billion in the U.S. and purchase approximately $750 billion in U.S. energy and military equipment over the next few years.
00:31While key industries such as autos, semiconductors, and pharmaceuticals will face the 15% rate, exemptions have been granted for strategic goods like aircraft parts, chemicals, and certain generics.
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