EU–US trade deal 2025

In this recording, Anthony Buckley, CEO of Anthony Buckley Consulting Ltd. and former Head of Ireland's Revenue Customs Service, gives a detailed analysis of the 2025 EU-US trade deal and what it means for businesses engaged in international trade.

Topics covered:

• How US tariffs work under the Harmonized Tariff Schedule of the United States (HTSUS) and the separate Chapter 99 temporary measures
• Extra reporting requirements and valuation uncertainty for "steel derivative" products
• The 31 July 2025 executive order, the 40% transshipment penalty, and the country-by-country reciprocal tariff bands
• The EU's statements of intent in the 21 August 2025 joint statement: energy purchases, investment pledges, AI chip purchases, automobile standards, CBAM and CSDDD commitments
• The US commitments: the 15% baseline tariff on EU goods, the steel and aluminium exception, and conditional automobile tariff reductions
• A comparison with the UK's separate trade deal
• The risks and open questions: non-binding commitments, slow non-tariff-barrier negotiations, and what happens if either side deviates from the agreement

For a broader overview of the topic, please watch the full recording. The slides are available in the Resources section.

Please note that this summary was generated using AI, based on the recording and available slides.