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Bloomberg

EU prepared to accept U.S. universal tariff, seeks key exemptions

Bloomberg · Older
Bloomberg
Bloomberg
Older

The European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of its exports, but wants the U.S. to commit to lower rates on key sectors.

BreakdownGenerated by LeadStory AI
  • The EU is willing to accept a 10% universal US tariff but seeks key exemptions. 4s
  • EU negotiators want lower tariffs or exemptions for autos, pharmaceuticals, semiconductors, and aircraft. 26s
  • Both sides are aiming for a broad trade framework to avoid higher tariffs and repeated negotiations. 1m 11s
  • The US-EU trade relationship involves about a trillion dollars in goods exchanged annually. 1m 32s
  • The US trade deficit with Europe has nearly doubled in the first four months of the year. 1m 43s
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