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US tariff of 15% on EU goods is all-inclusive: EU official

US tariff of 15% on EU goods is all-inclusive: EU official

Business Recorder17 hours ago
BRUSSELS: The 15% tariff that European Union goods face when entering the United States is all-inclusive, incorporating the Most Favoured Nation Rate, unlike some other countries with deals with the U.S., an EU official said on Tuesday.
The 15% rate applies to all goods, except for steel, aluminium, the official said. Tariffs on pharmaceuticals and semiconductors are now zero, but if and when they rise as a result of the U.S. 232 investigations, the tariff will be no higher than 15% as well.
Trump, EU's von der Leyen to meet on Sunday to clinch trade deal, avert trade war
This 15% ceiling also applies to cars and car parts.
There are no quotas or limits on cars and car parts.
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