Deal includes US$40 billion of American AI chip imports and security standards blocking ‘technology leakage to destinations of concern’
Newly published details of the recent EU-US trade deal show the bloc cleaving closer to Washington on technology, security and commerce, potentially driving a new wedge into Europe’s relationship with China.
A joint statement released on Thursday confirmed that the European Union will accept tariffs of 15 per cent on 70 per cent of its exports to the US, as agreed in July. It will also consider exempting American goods from some of its sweeping climate laws, even as it moves to lower tariffs on American products, including industrial goods.
While China is not mentioned once in a 19-point joint statement released on Thursday – billed by Brussels as a “framework” towards a more comprehensive trade agreement – veiled references appeared throughout.
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