EU and US nearing trade deal that would put 15% tariffs on imports from bloc

The EU has also offered to reduce its ‘most-favoured-nation rate’ to zero for some products as part of an agreement in principle. Photograph: Davide Bonaldo/Sopa Images/Shutterstock

The EU and the US are nearing a trade deal that would place 15% tariffs on most imports from the bloc, it has emerged.

The tariff rate, which would mirror a deal struck this week between the US and Japan, would apply to most goods, with some exceptions for products including aircraft and medical devices, according to diplomats with knowledge of the talks.