The United States and the European Union detailed a new commercial framework aimed at resolving imbalances through mutual concessions and coordinated policies, as Yahoo mentioned funding. Under the agreement, the European Union will cancel all the customs tariffs on American industrial goods and provide preferential access to major American agricultural products, including tree, dairy and meat. On the other hand, the United States is committed to forming definitions on most European Union goods with a maximum of 15 %.
Read Alao: The American Commercial Deal-European Union: Various views and ongoing negotiations
One of the important energy components includes the European Union pledged to buy approximately 750 billion dollars in natural gas products, oil and nuclear energy in the United States by 2028. According to data from the Indexbox platform, this commitment is in line with the increasing American export volumes in the energy sector. In addition, the European Union will buy $ 40 billion in American artificial intelligence chips for computing centers.
The deal deals with non -carrier barriers by mutual recognition of auto standards and amendments to the mechanism of carbon borders in the European Union. It also defines new digital trade teachers, with both parties agreeing not to impose customs duties on electronic transport operations. European companies are expected to invest an additional $ 600 billion in the American strategic sectors until 2028.
The reactions were mixed with the agreement. An American official praised her as a major victory for American workers and industries. However, a European geopolitan analyst suggested that the European Union is being traded by strategic self -government, and securing the defensive tariffs while the United States has accessed the offensive market.
Source: Indexbox Market Intelligence
