EU Goods Face 15% Tariff Across the Board in U.S.
The European Union goods entering the U.S. are subject to a comprehensive 15% tariff, covering all items except steel, aluminium, pharmaceuticals, and semiconductors. No quotas are imposed on cars and car parts, even if tariffs rise due to U.S. 232 investigations.
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- Belgium
The European Union's goods are subjected to a 15% all-inclusive tariff when entering the United States, according to an official announcement on Tuesday. This tariff is part of the Most Favoured Nation Rate deal, differing from arrangements the U.S. holds with other countries.
Exempt from this tariff are steel and aluminium, while pharmaceutical products and semiconductors currently enjoy a zero-tariff rate. However, should tariffs increase following U.S. 232 investigations, they will not exceed the 15% threshold.
The tariff applies uniformly to cars and car parts, with no quotas or import limits in place. This consistent tariff underscores the comprehensive nature of the trade measures implemented by the United States.
(With inputs from agencies.)
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- aluminium
- pharmaceuticals
- semiconductors
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