EU-US Trade Agreement Shows Early Success

European Commissioner for Trade and Economic Security, Maros Sefcovic, announced on Friday that the recently implemented US tariffs are the first visible outcomes of the EU-US trade agreement. Notably, the introduction of a 15% all-inclusive tariff cap marks a significant step forward.

Strengthening EU Businesses and Transatlantic Trust

In a detailed statement shared on X, Sefcovic emphasized how these tariffs "reinforce stability for EU businesses and bolster trust in the transatlantic economy." He further highlighted the enhanced competitive edge EU exporters now enjoy in the US market.

Ongoing Efforts for Predictable Trade Relations

The tariff cap is a key component of broader initiatives aimed at reducing trade tensions and ensuring predictability for companies operating across the Atlantic. "The work continues," Sefcovic remarked, signaling the EU's commitment to deepening economic cooperation with the US.