🇺🇸🇪🇺 US & EU Close to Tariff Deal

Washington and Brussels are nearing an agreement on a 15% unified tariff for EU imports, replacing the patchwork of existing duties and averting Trump’s threat of a 30% tariff hike from August 1.

➤ The deal mirrors the recent Japan-US agreement.
➤ Mutual duty waivers on planes, alcohol, and medical equipment are expected.
➤ EU carmakers will benefit most — auto tariffs will drop from 27.5% to 15%.
➤ EU keeps a backup plan: €93B in retaliatory tariffs ready if talks collapse.

Negotiations are still ongoing — the final numbers may shift.