• The U.S. and EU agreed on a new trade framework.

• Most EU goods will face a 15% U.S. tariff, down from more volatile proposals.

• EU will remove tariffs on many U.S. industrial exports and expand access for U.S. agricultural goods.

• A few sectors won’t see tariff cuts: steel, aluminum, and copper maintain higher duties, though both sides agreed to discuss quota systems to protect supply chains.