Washington wants the EU to eliminate tariffs on U.S. industrial and agricultural goods, while Brussels seeks relief from a 50% U.S. levy on steel and aluminum and exemptions from a 15% baseline tariff on most exports. The pact, hailed by U.S. President Donald Trump as “historic,” also includes EU commitments to buy $750 billion in U.S. energy and invest $600 billion in America by 2028. EU officials say ratification could take until spring 2026.