Indonesia-U.S. Agreement on Reciprocal Trade

The Agreement on Reciprocal, Fair, and Balanced Trade, informally called the EU–US trade agreement, was a proposed trade agreement between the European Union (EU) and the United States. A framework agreement was announced in a joint statement on 21 August 2025. The framework agreement provides for 15% tariffs on all European exports and 0% tariffs on certain US exports. It was proposed to replace the previous Transatlantic Trade and Investment Partnership (TTIP) efforts. As a result of the Greenland crisis and Trump's threats of a trade war against several EU and NATO members in retaliation for their participation in the Operation Arctic Endurance NATO exercise in Greenland, EU leaders said the approval of the agreement cannot proceed.