U.S. and EU reach 15% import tax trade agreement, some goods may be exempt from tariffs

The United States has reached a trade agreement with the European Union!

According to the Financial Times, after Japan, the United States has reached a trade agreement with the European Union to impose a 15% import tax on goods.

The US and EU have also basically reached an agreement to exempt certain items such as aircraft, alcoholic beverages, and medical devices from import duties. It is reported that the European Union's executive commission has briefed the EU member states today after reaching an agreement with the US side.

If the US and EU reach an agreement on a 15% tariff rate, it will be similar to the level of the trade agreement between the US and Japan yesterday.

Since April of this year, EU products exported to the US have been subject to an additional 10% surcharge in addition to the existing average tariff of 4.8%. If a trade agreement is reached at a 15% tariff rate, it will effectively maintain the status quo, with cars currently taxed at 27.5% being reduced to 15%.

Original article: https://www.toutiao.com/article/1838496785571840/

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