The EU-US trade statement has been put on hold due to digital regulations

The EU and the US reached a trade agreement in Scotland last month, but the release of the joint trade statement between the two sides was postponed as the EU hopes to uphold its digital regulations.

The Financial Times reported that there are differences between Europe and the United States in the wording of the rules targeting the behavior of large technology companies. The US hopes that the EU will retain the possibility of making concessions on the Digital Services Act, but the European Commission previously stated that this is unacceptable.

The Financial Times quoted an unnamed US official as saying that US President Trump has no intention of signing an executive order to lower tariffs on EU car imports before the joint statement is finalized.

The United States and the European Union reached an agreement in July. Most of the EU's export products will face a 15% tariff, but the United States has not yet reduced the tariff on automobiles to 15%. However, EU officials are confident that an agreement will be reached before next weekend.

According to informed sources, the two sides are currently consulting on the details of various issues, including limiting the rates of auto tariffs and future industry taxes to 15%, finalizing the list of strategic products that will enjoy lower tariffs, and establishing a negotiation framework for steel and aluminum issues.

Due to non-normal office hours, a spokesperson for the European Commission did not immediately respond to a request for comment.