After weeks of negotiations, the EU and the US reached an agreement on Sunday in the tariff dispute that has split them since mid-March: the EU will face a 15% tariff on its exports to the US, Commission President Ursula von der Leyen announced.
“We have stabilised on a single 15% tariff rate for the vast majority of EU exports. This rate applies across most sectors, including cars, semiconductors and pharmaceuticals,” she said, adding “this 15% is a clear ceiling - no stacking, all-inclusive - so it gives much-needed clarity for our citizens and businesses.”
