EU & U.S. Strike Trade Deal on Energy & AI Products

The European Union and the United States have reached a trade agreement, as confirmed by Jinshi Data. The EU will purchase $750 billion in U.S. liquefied natural gas, oil, and nuclear energy products, along with at least $40 billion worth of American AI chips. In return, the U.S. plans to reduce tariffs on European automobiles from 25% down to 15%, as part of the EU’s relaxation of tariffs on American goods. The tariff reduction is anticipated to be implemented within a few weeks.