Framework deal pledges to cut 27.5% tariff once EU tables legislation, and both sides say they want swift action
Washington will not lower steep tariffs on European cars until Brussels has introduced legislation to reduce its own tariffs on US exports, maintaining pressure on the EU’s automotive industry.
While the Trump administration has agreed to lower the current 27.5% US tariffs on European cars and car parts to 15%, details of a framework trade deal published on Thursday revealed the terms and conditions.
Donald Trump and the president of the European Commission, Ursula von der Leyen, announced the deal on 27 July at Trump’s luxury golf course in Turnberry, Scotland, after an hour-long meeting that followed months of negotiations.
In a joint statement, the US and the EU listed commitments including the EU’s pledge to eliminate tariffs on all US industrial goods, and provide preferential market access for a wide range of US seafood and agricultural goods.
