U.S., EU: Joint Statement on Trade Deal Framework Details Auto, Pharmaceutical, Chip Tariffs

Under the final U.S.-EU framework trade agreement, the United States will lower its 27.5% tariffs on European automobiles to 15% once the European Union introduces legislation to lower industrial tariffs and provide preferential market access for some U.S. agricultural goods, according to a joint statement on the matter released on Aug. 21. ...