Current Affairs - International - Discussion

The new EU-US trade agreement, finalised after prolonged negotiations, imposes a 15% tariff on EU exports to the United States. This rate is a compromise, significantly lower than the 30% tariff previously threatened by the US administration. The deal marks a major step in stabilising transatlantic trade relations and aims to prevent further escalation into a trade war. While the US retains certain high tariffs on global steel and aluminium, the 15% rate on EU goods is part of a broader agreement that includes tariff-free access for specific American exports and major European investments in the US energy and manufacturing sectors.