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  • 5 months ago
EU and US closer to finalising trade deal text as Washington sends back suggestions

The technical details of the tariff exemptions are long overdue, but the European Commission is optimistic that the text will be finalised soon.

READ MORE : http://www.euronews.com/2025/08/14/eu-and-us-closer-to-finalising-trade-deal-text-as-washington-sends-back-suggestions

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Transcript
00:00The United States has sent the European Union its proposed changes to a heavily anticipated joint statement
00:08regarding the trade deal agreed by US President Donald Trump and European Commission President Ursula von der Leyen last month.
00:18The statement will set out technical details and include a list of goods that will be exempt from tariffs.
00:24I'm now happy to confirm that we have received a text from the US with their suggestions for, let's say, getting closer to that finalisation of the document.
00:40So we're going to look at that now. We'll have some engagement at both technical and political level with our American counterparts.
00:46And we keep the work going forward in that sense.
00:49Washington lowered tariffs it would impose on EU goods to 15% after last month's agreement.
00:56In return, the EU committed to purchasing 750 billion euros worth of US energy products
01:02and investing a further 600 billion euros into the country before the end of Trump's term.
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