The EU and the US have reached an agreement on a joint statement to finalize the trade agreement

The United States and the European Union have taken measures to formally establish their trade agreement, detailing plans to potentially reduce European automobile tariffs in the coming weeks, implementing a 15% discount tariff on European imported cars (previously 27.5%). The United States has committed to applying lower most-favored-nation tariffs on certain European products, including aircraft and aircraft parts, generic drugs, and some natural resources. The United States and the European Union have also pledged to address the issue of "unreasonable digital trade barriers" and consider cooperation on steel and aluminum tariffs under a quota system