Europe and the USA have completed the trade deal

The main thing: 

• The European Union has abolished duties on industrial goods from the United States, and will also provide «preferential access» to its market for marine and agricultural products from the United States.

• Washington promises not to increase duties on goods from Europe and «will strive» to reduce existing tariffs in the future.

• The EU intends to purchase $750 billion worth of oil, gas and nuclear energy products from the United States by 2028. Europe will buy American AI chips for another 40 billion.

• The EU countries have expressed their desire to «significantly» increase the purchase of military equipment from the United States.

• The EU plans to invest $600 billion in the strategic sectors of the United States – pharmaceuticals and semiconductors.

• The parties are considering the possibility of cooperation on the introduction of quotas for steel and aluminum.