US and EU close in on 15% tariff deal, FT reports
BRUSSELS, BELGIUM, JUL 25 – The deal aims to reduce trade barriers and avoid a US-imposed 30% tariff, with EU counter-tariffs on $109 billion of US goods set for August 7 if negotiations fail.
- With the August 1 deadline looming, US and EU negotiators are closing in on a deal, imposing a 15% tariff on most EU exports to avert a broader trade war.
- The United States threatened, prompting intensive talks, as Brussels approved €93 billion in counter-tariffs.
- Under the draft terms, the US proposal includes a 15% tariff with sectoral carve-outs, offering waivers for aircraft, spirits and medical devices while cutting car duties from 27.5% to 15%.
- The European Commission briefed envoys on the proposal, and spokesperson Olof Gill said 'within reach'.
- With pressure mounting, if EU member states approve in the coming days, counter-tariffs will take effect on August 7, proving crucial to avoid escalation.
191 Articles
191 Articles
Linking tariff 'deals' to US security interests is harder than it looks
In its July 31 Executive Order modifying the reciprocal tariffs originally laid out in early April, the White House repeatedly invokes the close linkages between trade and national security. The tariff treatment of different countries is linked to broader adhesion to U.S. foreign policy priorities. For example, (relatively) favorable treatment is justified for those countries that have “agreed to, or are on the verge of agreeing to, meaningful t…
Europe's counter to Trump tariffs will affect 30% of Dutch imports, mostly high-tech
The counter-tariffs announced by the European Commission on American goods could affect around 30 percent of Dutch imports. This refers to the value of these imports, according to Statistics Netherlands. The tariffs will primarily impact high-tech manufacturers, including those producing medical equipment and data technology.
Reformatorisch Dagblad
De TelegraafThe European Commission's announced counter-tariffs on US goods could affect approximately 30 percent of Dutch imports. This refers to the value of these imports, according to Statistics Netherlands (CBS). The tariffs will primarily affect high-tech manufacturers, including medical equipment and data technology.
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