Brussels and Washington on Thursday released the long-awaited joint statement sealing the trade deal they struck nearly a month ago, confirming that cars, semiconductors and pharmaceuticals will face a maximum 15% tariffs to enter the US.
The statement, which like the deal struck on 27 July in Scotland between European Commission chief Ursula von der Leyen and US President Donald Trump, is not legally binding, states that the reduction of tariffs for cars "will apply in tandem with the EU initiating the procedures for tariff reductions vis-à-vis US products".
