On July 27, 2025, the presidents of the US and the European Commission announced a preliminary trade deal, which includes a 15% tariff on most EU goods.
Tariff Agreement on EU Goods
Under the new agreement, the US imposes a 15% tariff on most goods coming from the European Union. This decision was made to reduce the threats of increased tariffs and improve economic relations between the regions.
EU's Procurement Commitments
As part of the agreement, the EU committed to significant purchases of American energy and military equipment. These steps underline the growing cooperation between the US and the EU, increasing Europe's reliance on American resources.
Historical Context and Implications
Historically, trade deals between the US and the EU have started with tariff threats but ended in compromises. The agreement showed no direct impact on cryptocurrency assets, reflecting a focus on traditional economic sectors.
The preliminary trade deal between the US and EU on tariffs and procurement is significant for stabilizing trade relations and economies, while further implications for technology and regulation may emerge in the future.
