The Commission welcomes the political agreement on the implementation of the EU-US trade agreement

The European Commission welcomes the political agreement reached today between the European Parliament and the Council of the EU on two regulations that remove tariffs on all US industrial products and grant preferential market access to certain US agricultural and fishery products, in line with the EU’s commitments set out in the EU-US Joint Statement of 21 August 2025. The final agreed texts will now be submitted to the European Parliament and the Council for formal adoption in the coming weeks, to ensure their prompt entry into force.

The liberalised market access that the legislation grants to US exports will ensure that the goods needed by EU industry and consumers are cheaper and more readily available, without undermining any EU sensitivities.

At the same time, in line with standard practice in EU trade agreements, the Regulation provides European industry with robust safeguards against potential trade disruptions through a safeguard clause. Regular monitoring of trade flows will allow for swift action to be taken in the event of a harmful or potentially harmful surge in exports from the United States.

The Regulation also provides the EU with the necessary tools to enforce the commitments made in the EU-US Joint Statement. In specific circumstances, the Regulation would allow the EU to respond by suspending its tariff concessions in whole or in part.

The agreement reached today ensures that the key objectives of the EU-US Joint Statement — maintaining stable, fair, predictable and mutually beneficial transatlantic trade and investment — are achieved, and paves the way for boosting transatlantic trade by exploring new areas for tariff reductions on EU exports.

Next steps

The agreed texts of the Regulation will now enter the formal adoption process by the European Parliament and the Council in the coming weeks, to ensure their swift entry into force.

Once approved, the liberalisation of market access would remain in force until the end of 2029, with the possibility of a subsequent extension.

Background

The transatlantic partnership is the world’s most important bilateral trade and investment relationship. Trade in goods and services between the EU and the US has doubled over the last decade, exceeding €1.8 trillion in 2025, with €911 billion in goods and €865 billion in services. More than €4.9 billion worth of goods and services cross the Atlantic every day. This deep and comprehensive partnership is underpinned by mutual investment. In 2024, total investment by EU and US companies in each other’s markets exceeded €4.8 trillion.

The President of the Commission, Ursulavon der Leyen,and the US President, Donald Trump, agreed on the key parameters of the EU-US agreement in July 2025, which were subsequently set out in the EU-US Joint Statement of 21 August 2025, which forms the basis for further trade and economic cooperation between the EU and the US.

The United States undertook to maintain a maximum tariff of 15% for most EU exports, including cars and car parts, and to exempt several important product groups from additional tariffs, such as non-mineral natural resources, aircraft and aircraft parts, and generic medicines. In return, the EU committed to eliminating tariffs on all industrial goods and to improving market access for certain non-sensitive agri-food products.

The partners also agreed to continue working together to further reduce tariffs on more products, tackle non-tariff barriers and cooperate on economic security, critical minerals, as well as to address global overcapacity in steel production.

More information: European Commission.