President of the European Commission Ursula von der Leyen has announced that the European Union and the United States have reached a comprehensive agreement on tariffs and trade.
The deal establishes a single 15% tariff rate across most sectors, including automotive, semiconductors, and pharmaceuticals, providing greater clarity and predictability for businesses and citizens on both sides of the Atlantic. It also introduces zero-for-zero tariffs on a list of strategic products such as aircraft components, certain chemicals, generics, semiconductor equipment, agricultural goods, natural resources, and critical raw materials.
On steel and aluminium, both sides acknowledged the shared challenge of global overcapacity. The agreement includes tariff reductions and the implementation of a quota system, aimed at fostering fair competition and reducing trade barriers between the EU and US.
“On steel and aluminium, the EU and the US face the common external challenge of global overcapacity. We will work together to ensure fair global competition. And to reduce barriers between us, tariffs will be cut. And a quota system will be put in place”, stated President von der Leyen.
Additional elements of the deal include enhanced transatlantic energy cooperation, with the EU set to diversify its supply through increased purchases of US LNG, oil, and nuclear fuels. Furthermore, US AI chips are expected to support Europe’s digital infrastructure, including AI gigafactories.
The agreement delivers immediate tariff relief, secures continued access to key export markets, and lays the foundation for further tariff reductions and economic cooperation.
President von der Leyen also highlighted this deal as a significant step in the EU’s broader trade strategy, alongside recent trade agreements concluded with Mercosur, Mexico, and Indonesia.
The Commission thanked President Trump, Commissioner Maroš Šefčovič, and EU Member States for their roles in securing this outcome.
