The European Union is currently in advanced negotiations with the United States regarding a bilateral trade agreement. Provisional discussions indicate a potential framework aiming to establish a reciprocal tariff rate of 10% across most traded goods between the two economic giants.
However, significant disparities compared to the US-UK trade pact are emerging in key sectors critical for EU exporters. Notably, proposals suggest substantially higher US tariffs on EU agricultural exports, with a proposed rate of 17%, significantly impacting that industry.
Several sectors are expected to face less favorable conditions under the prospective EU-US deal than those secured earlier by the United Kingdom. These include steel, automotive, and agriculture, where the EU faces comparatively restricted market access terms.
The negotiation process itself has been characterized as slower and more complex than the UK’s path to agreement with the US.