Factbox-Key elements of EU-U.S. trade deal agreed on Sunday
Brussels (Reuters) -ABD and the European Union agreed on a framework trade agreement on Sunday, and ended the uncertainty for months for industries and consumers on both sides of the Atlantic.
Here are the main elements of the agreement:
* Almost all EU goods entering the United States will be subject to 15% initial tariff, including 27.5% of cars and semiconductors and drugs. The 15 % tariff is maximum tariff and is not added to existing rates.
* However, the USA is to announce the result of the 232 trade investigation within two weeks and to make a separate decision on the tariff rates for chips and drugs. European Commission President Ursula von Der Luyen said that if the US would later come in these sectors, it would be “on a different paper” in these sectors.
* The US and the EU will have zero tariffs in all aircraft and components, some chemicals, some generic drugs, semiconductor equipment, some agricultural products, natural resources and critical raw materials. More products will be added. The status of the souls should still be established.
* The tariffs in the European steel and aluminum will remain 50%, but Von said that they will be cut later and replace their location with a quota system.
* The EU promised to purchase a total of $ 750 billion of $ 750 billion of $ 750 billion of $ 250 billion -liquefied natural gas (LNG), which replaces Russian gas. EU will also receive nuclear fuel from the USA
* In accordance with the agreement, the EU has promised to purchase US military equipment and European companies will invest $ 600 billion in the US. EmbersSecond Period.
(Reporting by Jan Stroupczewski; Editing by Philip Blenkinsop and Marguerita Choy)
