Five things we don't know yet about the EU-US trade deal

euronews (in English)

Five things we don't know yet about the EU-US trade deal  The EU and the US struck a long-awaited agreement on Sunday, establishing a 15% tariff on EU exports, with certain sectors exempted. However key details remain unclear.  READ MORE : http://www.euronews.com/2025/07/28/us-eu-deal-marked-by-uncertainty  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00The European Union and the U.S. agreed on Sunday a new trade deal in the tariff dispute that has split them since mid-March.

00:09Under the agreement, the EU will face a 15% tariff on its exports to the states.

00:15However, uncertainties still remain regarding the details of the agreement and which specific sectors are covered by the 15% rate.

00:22This deal only gives you a limited amount of certainty because it's not legally binding,

00:27but also because we know that Trump is not very reliable as a partner,

00:31that he kind of changes his mind and then goes back on, steps back on the commitments he has met before.

00:37For these reasons, this is something that's kind of a fixed, a certain status quo.

00:40It sets a new baseline, which is 15%, but we very much can expect there to be new tariff scenarios in the near-term future.

00:48The custom duties, in principle, apply to all goods that can be traded.

00:53However, there are some exceptions, such as aircraft parts.

00:57Steel and aluminum are other industries where the situation is unclear.

01:01The other part that is uncertain at this point is there are a number of goods,

01:08especially semiconductors and pharmaceutical goods,

01:10where there is an ongoing investigation on the US side,

01:13which is basically establishing the legal basis for the US to put tariffs on these sectors.

01:17And what there is uncertainty about is whether this 15% maximum tariff rate

01:21that is now a part of this deal would still apply once these new tariffs for pharmaceutical goods,

01:26in particular, are put into place.

01:28The US currently imposes 50% tariffs on steel and aluminum,

01:33which will stay until a new quota system is agreed upon.

01:35The European Union says its company should invest around $600 billion

01:39into the United States from the private sector.

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