The EU Commission made its opening move in implementing the trade agreement reached on August 21 with the United States, but the legislative proposal for tariff reductions on a wide range of US industrial and agricultural products will face a tricky path through the European Parliament which will start considering the measure next week.
This legislative move should offer immediate relief to the EU automotive sector, as the US committed to retroactively lower its 27.5% tariffs on EU cars to 15% from 1 August, once the Commission proposed the legislation.
