On August 21, 2025, the European Union and United States unveiled their Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“ Framework “). The Framework follows, and provides further detail to, the July announcement that the European Union and United States had agreed on broad terms of a trade deal.

The Framework outlines the key terms of the trade deal that will be negotiated between the parties, and is a first step in a process that can be further expanded over time. The Framework confirms the earlier announcement that a 15% duty will apply to most EU products imported to the United States, while many US products will enter the European Union duty free. Some of the key aspects of the Framework include:

Eliminating and reducing tariffs on US products: The European U

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