Published on: 2025/07/24 19:38
The European Union is reportedly nearing a tariff deal with the Trump administration.
According to the Financial Times a 15-percent tariff is likely to be levied on the bloc's imports into the American market as opposed to 30 percent.
The report cites sources who also say the two sides may agree on tariff exemptions for products such as aircraft, distilled spirits and medical devices.
Since April goods from the EU have faced a 10 percent tariff on top of the existing average U.S. tariff of 4-point-8 percent.
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