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EU Gets 15% US Tariff For Cars, But Fails To Get Wine Reprieve

8 0
23.08.2025

The US and EU released details of a trade deal Thursday that foresees lower car tariffs but no relief for Europe's wine sector, but Brussels said it would push for further concessions.

US President Donald Trump and EU Commission President Ursula von der Leyen clinched a framework accord in July for most EU exports to face a 15-percent US levy.

But many aspects remained unclear, as the EU sought to win carve-outs for some sectors and Trump threatened higher tariffs on others.

A joint statement Thursday brought some clarity, although negotiations are not over and some moving parts remain.

The "maximum, all-inclusive" 15-percent rate would apply to the vast majority of European exports, including cars, pharmaceuticals, semiconductors and lumber, the EU said.

"This is the most favourable trade deal the US has extended to any partner," EU trade commissioner Maros Sefcovic told journalists in Brussels, explaining the levy will not come on top of existing tariffs.

In recent weeks Trump had raised the possibility of additional tariffs hitting certain sectors such as pharmaceuticals, which........

© International Business Times