The United States will maintain steep tariffs on European cars until Brussels formally introduces legislation to lower its own trade barriers on American goods. Under a new framework deal, the US has agreed to reduce its 27.5% tariff on EU vehicles and parts to 15%\u2014but only once the EU shows concrete legislative steps.<\/p>\n\n\n\n
The agreement, announced last month by Donald Trump and European Commission president Ursula von der Leyen at Trump\u2019s golf resort in Scotland, followed months of tense negotiations. Both sides pledged to open markets further: the EU promised to cut tariffs on all US industrial products and expand access for American seafood and farm goods, while Washington agreed to scale back duties on a wide range of European exports, from cars to semiconductors.<\/p>\n\n\n\n
US officials stressed the tariff reduction could come within weeks, depending on how quickly the EU moves. \u201cAs soon as they introduce the legislation\u2014not even pass it\u2014we will act,\u201d one US official told Reuters. According to the joint statement, EU carmakers will only see relief from the 27.5% tariff starting the same month the EU tables its laws.<\/p>\n\n\n\n
European leaders have voiced caution. French prime minister Fran\u00e7ois Bayrou called the agreement a \u201cdark day\u201d of submission, while Spain\u2019s Pedro S\u00e1nchez supported the deal but noted it brings little benefit to his country\u2019s economy. Industry reactions were mixed: Spanish food exporters welcomed the end of trade hostilities but objected to ongoing penalties, while the US distilled spirits sector warned that 15% tariffs on European alcohol could cost over $1bn in sales and 12,000 American jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington ties relief to EU action The United States will maintain steep tariffs on European cars until Brussels formally introduces legislation to lower its own trade barriers on American goods. Under a new framework deal, the US has agreed to reduce its 27.5% tariff on EU vehicles and parts to 15%\u2014but only once the EU<\/p>\n","protected":false},"author":1,"featured_media":7714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":{"0":"post-7713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-economy"},"_links":{"self":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/7713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/comments?post=7713"}],"version-history":[{"count":0,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/7713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media\/7714"}],"wp:attachment":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media?parent=7713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/categories?post=7713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/tags?post=7713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}