The US will keep higher tariffs on European carmakers in place until the EU lowers rates on American goods — as two of the world’s largest economies finally locked in a framework trade deal initially hammered out last month.

The two sides fired off a joint statement Thursday listing the commitments made after President Trump and European Commission President Ursula von der Leyen announced the agreement on July 27 following months of negotiations.

That framework included EU commitments to purchase $750 billion in liquified natural gas, oil and nuclear energy from the US, along with $600 billion in additional investments in the American economy.

Those commitments were included in Thursday’s announcement, while Washington will also make moves to nearly halve the current 27.5% US tariff rate on European cars and car parts once Brussels introduces the legislation needed to enact the promised tariff cuts on American goods.

As a result, carmakers could see relief from the current levies in “hopefully weeks,” a senior administration official told Reuters.

“As soon as they’re able to introduce that legislation — and I don’t mean pass it and fully implement it, but really introduce it — then we will be in a position to provide that relief. And I will say that both sides are very interested in moving quickly,” the official said.

It wasn’t immediately clear when Brussels would start the legislative process.

As part of the framework deal, the EU also pledged to eliminate tariffs on all US industrial goods and to provide preferential market access for a wide range of seafood and agricultural goods, including honoring a pre-existing agreement to import American lobster.

The US agreed to apply a 15% tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber.

Other European goods will receive the Most Favored Nation (MFN) tariff rate starting Sept. 1, including aircraft and aircraft parts, some generic pharmaceuticals and their chemical precursors as well as natural resources like cork that are unavailable in America.

Additionally, the new framework lays out $40 billion in EU purchases of artificial intelligence chips from the US.

There’s also a line item calling on Europe “to substantially increase procurement of military and defense equipment from the United States,” without specifications.

Trump has often called for NATO nations — 23 of which are also EU members — to up their defense spending to 5% of GDP.

The joint statement was “a play to hold each other accountable” and ensure that both sides carried out the pledges announced last month, the admin official said.

“We are trying to sequence with the European Union to make sure that … they feel sufficient pressure to obtain the mandate they need to begin the legislative process for reducing their tariffs, as they’ve promised,” the official said.

“We’re confident that they’ll do that. It’s just good for all parties to make sure that everyone’s on the same page and taking actions around the same time.”

With Post wires