EU and US publish Joint Statement on transatlantic trade and investment

This Joint Statement confirms and builds on the political agreement reached by President von der Leyen and President Trump on 27 July.

The Joint Statement sets out the commitment on both sides to work towards restoring stability and predictability in EU-US trade and investment, for the benefit of businesses and citizens. It is the first step in a process which will increase trade and improve market access in additional sectors. The Joint Statement follows intensive negotiations led by EU Trade Commissioner Maroš Šefčovič with his US counterparts, Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer.

President of the European Commission, Ursula von der Leyen, said: 

“The European Union will always pursue the best outcomes for its citizens and businesses. Faced with a challenging situation, we have delivered for our Member States and industry, and restored clarity and coherence to transatlantic trade. This is not the end of the process, we continue to engage with the US to agree more tariff reductions, to identify more areas of cooperation, and to create more economic growth potential. At the same time, we continue to diversify our international trade partnerships, creating EU jobs and prosperity.”

More information: 

Joint statement

Full press release

Questions and answers 

Factsheet

Press conference by the European Commissioner for Trade and Economic Security Maroš Šefčovič