The European Commission confirmed on Thursday that it had received a document from the United States containing proposals aimed at finalising a joint statement on trade and tariffs.
According to a European Commission spokesperson, the text contains initiatives that could speed up the agreement on the final version of the document and resolve some of the existing differences.
A framework trade agreement between the EU and the US was reached at the end of July this year. It was seen as an important step towards reducing mutual tariff barriers and strengthening economic ties. However, its implementation has been incomplete: in fact, only a basic tariff of 15% has been introduced, and key provisions, including exemptions for certain sectors, have not yet entered into force.
Experts are paying particular attention to the automotive industry, which accounts for a significant share of bilateral trade. The lack of relevant executive orders from the White House is hampering the implementation of the agreements and creating uncertainty for manufacturers, investors and supply chains.
According to analysts, progress in these negotiations could have a broader effect: it could not only strengthen trade ties between the EU and the US, but also send a positive signal to global markets amid growing geopolitical and economic risks. At the same time, the process of agreeing on the details requires political will on both sides and a willingness to compromise in sensitive sectors of the economy.
