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ESTONIA, JUL 29 – The 15% tariff agreement between the EU and US is expected to have limited direct impact on Estonia, with effects mainly felt through larger European economies, experts say.
- On July 29, 2025, Philips raised its 2025 outlook, citing the EU-US trade agreement that set 15% tariffs reducing tariff impacts on the company.
- The 15% tariff rate replaces previous threats of up to 30% and follows concerns that tariffs could disrupt trade flows and economies like Germany's.
- The trade deal also includes zero tariffs on strategic goods such as aircraft parts and semiconductor equipment, while pharmaceutical tariffs remain unresolved.
- Philips expects tariffs to cost between €150 million and €200 million, improved from earlier estimates of €250-300 million, with order books growing 6% in Q2.
- The agreement offers initial trade stability but skepticism remains, as Euro and Pound markets react cautiously while key EU members express discontent over the deal's balance.
10 Articles
10 Articles
Experts believe US-EU trade deal will have modest implications for Estonia
Estonian experts do not expect the 15-percent trade agreement between the European Union and the United States to have a significant impact on Estonia. The tariff is more likely to have an indirect effect, for example through the German economy.
How the US-EU trade deal wards off more escalation but will raise prices and slow growth - The Boston Globe
The tariffs, or import taxes, paid when Americans buy European products could raise prices for US consumers and dent profits for European companies and their partners who bring goods into the country.
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As world leaders and economists across Europe digest news of the EU-US trade deal, some experts believe that while it may be bad news for the European…More...
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