The executive leader responded via social media to the recent tariff agreement between the European Union (EU) and the United States, concluded on Sunday, which sets U.S. customs tariffs on European products at 15%.
“The EU-U.S. trade agreement brings predictability and stability, vital for Portuguese companies and the economy,” emphasized the Prime Minister.
Considering this understanding as a measure that “avoids escalation,” Luís Montenegro pointed out that the agreement “poses new demands in the pursuit of more trade agreements, in reducing barriers, and in the transformative agenda of simplification and cost reduction.”
The agreement also includes the EU’s commitment to purchase American energy worth $750 billion (approximately €642 billion), specifically to replace Russian gas, invest an additional $600 billion (€514 billion), and increase acquisitions of military equipment.
The U.S. and EU countries trade approximately €4.4 billion in goods and services daily.
