U.S. Trade Rep. Jamieson Greer on EU framework trade deal

Trade Relations - The US and EU are aiming for balanced trade relations [2] - The EU will reduce tariffs on US industrial goods, including chemicals and medical devices [1][2] - The EU will reduce tariffs on several US agricultural goods [2] - The US will be able to impose a 15% tariff on the EU [2] - This agreement follows a "big NATO win" and positions the US-EU relationship for improvement [3] Economic Impact - The US has a $235 billion trade deficit with the EU [2] Automotive Industry - The EU will accept aspects of American auto standards [1]