Amna Nawaz:
The announcement of the U.S.-European trade deal marks an important moment in President Trump’s larger battles over tariffs and trade, but it’s generating mixed reactions in Europe and in the U.S.
While the details of the agreement have not been released, some key pieces are known. E.U. exports to the United States will face a tariff rate of 15 percent, including on cars, car parts, pharmaceuticals and semiconductors. But the U.S. will keep tariffs on E.U. steel and aluminum at 50 percent. Some products, including aircraft, certain chemicals and semiconductors, will not have any tariffs.
And the E.U. will invest $600 billion in the United States and buy $750 billion worth of oil, liquid natural gas and nuclear fuels during President Trump’s term.
For more on the many questions around all of this, we turn to Jovita Neliupsiene, the European Union’s ambassador to the United States.
Madam Ambassador, so good to have you here. Welcome back.
Jovita Neliupsiene, European Union Ambassador to the United States: Well, thank you for having me.
