The European Commission stated that substantial progress has been made in finalizing the joint EU-EU statement on trade. Commission spokesperson Olof Gill said they have received a text from the US with suggestions, and this means the finalisation of the text of the trade agreement is getting closer. The EU side is fully focused on finalizing the text.
The US and the EU reached a political agreement ending the trade dispute between the two blocs more than two weeks ago, when US President Donald Trump and European Commission President Ursula von der Leyen met in Scotland. The parties agreed that the US will set 15 % tariffs on EU goods, and Europe also committed to purchasing energy worth 750 billion euros from the US and to buy weapons for further 600 billion. But the two sides are making contradictory claims about the content and scope of the deal struck.
