On Friday 21 August, Commissioner Hogan and Ambassador Lighthizer announced that the EU and the US reached an agreement on a set of tariff reductions. The American Chamber of Commerce to the EU (AmCham EU) welcomes the deal as a small but positive step to normalise and deepen the EU-US trade relationship. 

The package is presented as part of a staged approach that will lead to additional deals between the two economies. AmCham EU continues to support every effort to advance the transatlantic trade and investment agenda. The EU-US economy is the engine of global growth and has a key role to play in powering the economic recovery. 16 million jobs rely on the relationship on both sides of the Atlantic.

Source: AmCham EU