The United States and the European Union on Thursday published a three-and-a-half-page joint statement that formalizes the framework trade deal the two sides unveiled in late July, marking an effort to reset the world’s largest bilateral commercial relationship. Under the accord, Washington will apply a flat 15 percent tariff on most European imports, including cars, pharmaceuticals, semiconductor chips and lumber, while exempting aircraft, generic drug ingredients, cork and other products that will face only the pre-existing most-favoured-nation duties. Brussels, for its part, pledges to abolish tariffs on all U.S. industrial goods and to extend preferential market access for a range of American seafood and agricultural products. The United States also agreed to cut its 27.5 percent levy on EU automobiles and parts to 15 percent once the European Commission introduces the legislation needed to enact its own tariff reductions. EU Trade Commissioner Maros Sefcovic said he intends to table that proposal by the end of the month, and a senior U.S. official predicted relief for European carmakers could arrive "within weeks," retroactive to Aug. 1. The statement reiterates European commitments to procure about $750 billion of U.S. liquefied natural gas, oil and nuclear energy products by 2028, to purchase at least $40 billion in American artificial-intelligence chips and to facilitate an additional $600 billion of private-sector investment in U.S. strategic industries. Both sides also promise to explore quota-based solutions for steel and aluminum, cooperate on digital trade rules and pursue mutual recognition of automobile standards. Officials described the document as a political framework rather than a legally binding treaty, noting that issues such as tariffs on wine, spirits and some metals remain unresolved. They said the agreement is intended as a first step that can be expanded once the necessary legislation is in place on both sides of the Atlantic.