US Edition
European Union assumes it faces 15% tariffs in the US from Friday. But a key text still isn’t ready
BELGIUM, AUG 1 – The EU expects the U.S. to impose 15% tariffs on about two-thirds of its exports, worth €380 billion, following months of trade tensions and retaliatory measures preparations.
- The European Union believes the United States will impose a 15% tariff on most EU exports starting Friday.
- U.S. President Donald Trump and European Commission President Ursula von der Leyen reached a political agreement for these tariffs, affecting around two-thirds of EU goods worth about 380 billion euros.
- European wine and spirits will be included in the 15% tariff, but there may be future negotiations for exemptions, as noted by an unnamed source.
- Brokers indicated that wealthy individuals might seek ways to avoid the impact of the new tax.
75 Articles
75 Articles
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European Union assumes its faces 15% tariffs in the US from Friday. But a key text still isn't ready
The European Union is working on the assumption that the US will impose a 15 percent tariff on most EU exports from Friday even though the two sides have yet to complete a key document clarifying how the agreement will operate.
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