The trade agreement signed by the U.S. President and the President of the European Commission earlier this week imposes a 15% tariff on virtually all goods made in Europe and shipped to America, except several groups of products that include semiconductor production equipment, which will be subject to zero-for-zero tariffs. As a result, tools made by companies like ASML will not get more expensive in the U.S.
"We have also agreed on zero-for-zero tariffs on a number of strategic products," a statement by the European Commission reads. "This includes all aircraft and component parts, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources and critical raw materials. And we will keep working to add more products to this list."
