EU faces 15% tariff on exports to US: Key details revealed
The tariff framework will apply broadly to EU exports, except for steel and aluminium, the official said. The 15% rate will also apply to cars and car parts, with no quotas or limits, he added.
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"What we have obtained in our deal is the best available treatment," the EU official told reporters, while adding that the 27-nation bloc was not celebrating the 15% rate, but that it considered it was a very good deal compared to others.
Tariffs on pharmaceuticals and semiconductors are currently zero, but if they rise as a result of a
US probe into imports
of those products, they will not exceed the 15% ceiling.
Talks on a joint statement with the US that will spell out more details are very advanced, with the text broadly ready, with the EU waiting for a response from Washington to finalise things, the official said. He declined to give a timeline for its release.
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