EU Pushes US to Exempt €150 Billion Worth of EU Goods From Duties
- On Wednesday, The European Union requested additional tariff exemptions from the United States on products including wine, cheese, and medical devices, confirming a report by European news outlet Euractiv.
- Brussels and Washington struck a trade deal last year imposing 15 percent levies on most European exports to the United States while guaranteeing zero tariffs for American industrial goods entering the 27-nation bloc.
- The proposed list covers exports worth approximately $131 billion and includes wine, spirits, beer, medical devices, and cheeses such as Roquefort and Pecorino, according to EU trade spokesman Olof Gill.
- "We really want to look at as many areas as possible where we can reduce or eliminate tariffs," Gill said, emphasizing benefits for exporters and consumers on both sides.
- The European Union implemented the original pact last July following delays fueled by President Trump's threats to Greenland and a Supreme Court decision.
24 Articles
24 Articles
The European Commission has drawn up a list of hundreds of products that it would like to exempt from the 15% duties provided for in the EU-United States Turnberry Agreement. (ANSA)
With the trade agreement between the United States and the European Union in force since 1 July, following a tortuous approval process, the European Commission has put on the table a list of agri-food products to be exempted from the 15% single tariff, agreed a year ago with Washington. European Commission Trade Spokesperson Olof Gill acknowledged this Wednesday during a briefing in Brussels that "we are actively negotiating further reductions o…
(Brussels=Yonhap News) Correspondent Hyun Yun-kyung = With the trade agreement between the European Union (EU) and the United States taking effect early this month, the EU... regarding key products such as wine and cheese...
The lauded list together with the member countries contains hundreds of products amounting to around €115 billion in European Union exports.The European Commission is negotiating with the United States the elimination of the 15% tariff from a list of dozens of products that add up to €115 billion in European Union exports.This border rate is agreed by the trade pact signed by the EU and the US, which has been ratified a month ago.
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