The USA and the EU officially signed a $750 billion agreement: what the parties will receive.

The USA and the European Union have officially agreed on a trade deal, as reported today, August 21, by the publication FREEДOM, citing the European Commission.

The statement indicates that the EU and the USA consider this agreement to be the first step in a long-term process that may be expanded in the future to improve market access and deepen trade and investment relations.

Key provisions of the agreement:

• The EU will abolish tariffs on industrial goods from the USA and provide priority access for American agricultural products.
• The USA will reduce tariffs on a range of goods from the EU, including aircraft, pharmaceuticals, cars, and auto parts.
• The EU commits to purchasing American liquefied gas, oil, nuclear energy products, and artificial intelligence chips by 2028.
• European companies plan to increase investments in strategic sectors in the USA.
• The EU will increase purchases of military equipment from the USA.

Additionally, Washington stated that it is ready to reduce tariffs on European cars and auto parts after Brussels introduces a bill to lower tariffs on American goods.

Also read: Trade agreement between the EU and the USA: what the parties will receive as a result of the agreements (VIDEO)

It is recalled that during a meeting between US President Donald Trump and European Commission President Ursula von der Leyen on July 27, a trade agreement was signed.

The post The USA and the EU officially confirmed the trade agreement appeared first on Freedom.

The trade deal between the USA and the EU is officially confirmed, seen as the first step in a long-term process and includes provisions for the abolition of tariffs on industrial goods, the reduction of tariffs on certain goods, the purchase of products, and investments in various sectors. It also anticipates a reduction in tariffs on European cars and auto parts by the USA.