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BRUSSELS — The European Union and the United States have concluded a landmark trade and energy agreement that will see Europe import $750 billion worth of American liquefied natural gas (LNG), oil, and nuclear energy by 2028. In parallel, European companies will invest $600 billion in U.S. infrastructure, energy, and AI technologies.
The deal mandates expanded European capacity for LNG transport and regasification, while also securing long-term contracts for oil and nuclear energy. On the investment front, European firms will channel capital into U.S. industrial development, including a $40 billion commitment to purchase American semiconductors for AI-driven data centers.
The framework introduces tariff caps, with the U.S. pledging to limit duties on European goods to 15% and extend most-favored-nation status to aerospace, pharmaceutical, and industrial exports. In exchange, the EU will broaden access to its agricultural markets for U.S. products.
Both sides also agreed to coordinate on securing critical minerals vital to clean energy and tech supply chains. The U.S. signaled potential reductions in automotive tariffs, contingent on reciprocal EU measures.
The agreement marks a significant deepening of transatlantic economic cooperation amid evolving global trade and security challenges.
