Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Financial Times: US and EU Nearing 15% Tariff Agreement

Financial Times: US and EU Nearing 15% Tariff Agreement

Chaincatcher2025/07/23 16:08

According to ChainCatcher, citing the Financial Times as reported by Jintou, the European Union and the United States are on the verge of reaching a trade agreement that will impose a 15% tariff on European imports, similar to the deal President Trump reached with Japan earlier this week.

Three sources familiar with the matter stated that Brussels may agree to what is being called a reciprocal tariff in order to avoid the threat from the U.S. President to raise tariffs to 30% starting August 1. The sources also mentioned that both sides will exempt certain products from tariffs, including aircraft, spirits, and medical equipment.

The sources indicated that the 15% minimum tariff will include existing tariffs, and Brussels views the agreement as essentially consolidating the current situation. The current 27.5% tariff on automobiles is expected to be reduced to 15%.

The sources added that the EU will continue to prepare a retaliatory tariff plan that could reach as much as 93 billion euros, with a maximum rate of 30%, in case an agreement cannot be reached before August 1.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Deutsche Bank: The Federal Reserve is expected to cut interest rates by 25 basis points at each of the remaining three meetings this year.
2
Deutsche Bank: The Federal Reserve is expected to cut interest rates by 25 basis points at each of its remaining three meetings this year.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,119.9
+0.73%
Ethereum
Ethereum
ETH
$4,537.66
+2.76%
XRP
XRP
XRP
$3.03
+0.81%
Tether USDt
Tether USDt
USDT
$1
-0.00%
Solana
Solana
SOL
$238.43
+4.86%
BNB
BNB
BNB
$907.34
+1.39%
USDC
USDC
USDC
$0.9997
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2655
+7.08%
TRON
TRON
TRX
$0.3483
+0.83%
Cardano
Cardano
ADA
$0.8928
+1.55%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter