The following was taken in part from the NCBFAA:

Following the Trump administration’s announcement on Sunday, July 27th regarding a trade deal reached with the European Union (EU), the White House published this fact sheet, which includes additional details.

The trade highlights in the fact sheet include:

• Tariff Barriers: The European Union will work with the United States to eliminate tariffs in various sectors and will provide meaningful quotas for other products, which when combined will create commercially meaningful market access opportunities for a significant amount of US goods exports to the European Union, supporting high-quality American jobs. 
• Non-Tariff Barriers for US Industrial Exports: The European Union will work to address a range of US concerns related to various EU requirements that are burdensome to US exporters, particularly small and medium-sized businesses, including through efforts to eliminate the red tape that US exporters face when doing business in the European Union.
• Non-Tariff Barriers for US Agriculture Exports: The United States and the European Union intend to work together to address non-tariff barriers affecting trade in food and agricultural products, including streamlining requirements for sanitary certificates for US pork and dairy products.
• No Free Riders: The United States and the European Union will establish strong rules of origin to ensure that the benefits of this agreement flow directly to the United States and the European Union, not to third countries.  

The European Commission released a document on July 29th titled , “EU-US Trade Deal Explained.” Some of the key highlights from this document include the following commitments from both the EU and US:

• Establishing a single, all-inclusive US tariff ceiling of 15% for EU goods. As of August 1st, the US will apply this maximum tariff on the vast majority of EU exports. It is an all-inclusive tariff rate and represents a ceiling, including the US most favored nation (MFN) tariff that was previously stacked on top of additional tariffs that the US introduced.
• The 15% ceiling applies to nearly all EU exports currently subject to reciprocal tariffs (except where the US MFN tariff exceeds 15%, in which case only the MFN tariff applies with no additional tariffs on top).
• The 15% ceiling also applies to cars and car parts that are currently subject to a tariff rate of up to 25% tariff with an additional MFN tariff of 2.5%, providing immediate tariff relief.
• The 15% ceiling will also apply to any potential future tariffs on pharmaceuticals and semiconductors, including those based on Section 232. Until the US decides on whether to impose additional tariffs on these products pursuant to Section 232, they will remain subject only to US MFN tariffs.
• Providing special treatment for strategic products: As of August 1st, 2025, US tariffs on EU aircraft and aircraft parts, certain chemicals, certain drug generics or natural resources will go back to pre-January levels. This will provide immediate tariff relief for key EU industries while the EU and US agree to keep working to add more products to this list.
• Joining forces to protect the steel, aluminum, and copper sectors from unfair and distortive competition: Global overcapacity threatens EU and US industry alike. Together, the EU and the US will establish tariff rate quotas for EU exports at historic levels, cutting the current 50% tariffs, while jointly ensuring fair global competition.

You can read the entire “EU-US Trade Deal Explained” document here.

“The political agreement from July 27th, 2025 is not legally binding. Beyond taking the immediate actions committed, the EU and the US will further negotiate, in line with their relevant internal procedures, to fully implement the political agreement,” the European Commission said.

RIM logistics, ltd. will continue to closely monitor this evolving situation and provide updates as necessary. Please reach out to your RIM representative if you have any further questions.