The Trump administration announced Wednesday the implementation of the US-EU trade agreement, which provides for the reduction of tariffs on European cars and auto parts from 27% to 15%, starting from August 1.

At the 'Make America Wealthy Again' event, President Donald Trump signed an executive order for the implementation of the US-EU trade agreement. This includes reducing tariffs on cars and auto parts from the EU from 27% to 15%, starting August 1, 2025. Exceptions were also established for certain products, such as pharmaceuticals, aircraft, and natural resources. The legislative changes were announced by the Department of Commerce and USTR, and the tariffs will be applied retroactively.