( The Hill) — The White House on Thursday unveiled details for its trade deal with the European Union (EU). The Trump administration said EU counterparts have agreed to eliminate all tariffs on industrial goods imported from the U.S. and to widen preferential market access to U.S. seafood and agricultural products.

The U.S. will impose a 15% tariff on imports of European cars, pharmaceuticals and other products, according to a joint statement announced Thursday by the Trump administration and European Union.

After striking a framework trade deal with the European Union in July, the White House added more details to what the agreement entails Thursday. Most notably, President Donald Trump walked back threats of 250% and 100% tariffs on pharmaceuticals and semiconductors,