The United States has shared a draft text of its outline trade deal with the European Union, marking a step toward finalizing a joint political declaration.
EU trade spokesperson Olof Gill confirmed receipt of the U.S. proposal on Thursday, saying both sides will “ping pong” revisions until a final text is agreed.
“I’m happy to confirm that we have received a text from the U.S. with their suggestions for getting closer to the finalization of the document, so we’re going to look at that now,” said Olof Gill.
The accord—originally agreed in principle by President Donald Trump and European Commission President Ursula von der Leyen in July—sets a baseline U.S. tariff of 15%.
However, key pledges remain unimplemented—notably cutting car tariffs from 27.5% to 15%, and removing 50% duties on steel and aluminum.
The joint statement, expected to span just a few pages, will serve as a roadmap for deeper trade talks rather than a binding treaty.
