US EditionEuropean Union Assumes It Faces 15% Tariffs in the US From Friday. But a Key Text Still Isn’t Ready
BRUSSELS, EUROPEAN UNION, JUL 31 – The U.S. will impose 15% tariffs on about two-thirds of EU produce despite ongoing final agreement talks, affecting exports worth $434 billion, EU officials said.
- The European Union anticipates that starting Friday, the United States will apply a 15% tariff on the majority of exports from the EU, including products such as wine and spirits.
- This follows a political agreement last weekend between US President Trump and EU Commission President von der Leyen, although a key joint statement remains unfinished.
- EU spokesman Olof Gill said the US pledged to implement the agreed 15% tariff ceiling and exemptions, while retaliatory EU countermeasures worth tens of billions euros await possible activation by August 7.
- Gill indicated that, assuming plans proceed smoothly, the countermeasures are likely to be put on hold. He also mentioned that if an agreement has been reached, retaliatory tariffs would not be necessary, emphasizing that the decision now rests with the other party.
- These developments imply ongoing negotiations and uncertainty as further tariff exemptions are discussed and possible countermeasures remain contingent on US actions.
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Total News Sources54
Leaning Left7Leaning Right6Center25Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 18%
C 66%
R 16%
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