Following months of back-and-forth tariff threats, the United States and European Union were able to negotiate a tentative trade agreement to avoid an all-out trade war. However, some saw the agreement as favoring US President Donald Trump too much, rather than protecting European economic interests. There are still many details up in the air as discussions over the deal in writing continue between the US and EU.

Key takeaways:

• The agreement has a 15% blanket tariff on most goods exported from the EU to the US, but certain metals are subject to a 50% tariff, and some “strategic” products are exempt from any tariffs.
• The economic and political repercussions remain to be seen because the agreement has not been finalized, and negotiations are still ongoing.

Policy Brief – Alexandra Keating

The analysis is in PDF under the link below.