Headlines
EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
The EU is willing to accept a 10% US tariff on exports to avoid higher duties, with potential cuts on US vehicle tariffs and eased sales conditions.
(Reuters) -Brussels negotiators hope that offering to accept U.S. tariffs of 10% across all of the European Union's exports into the United States will avert any higher duties on cars, drugs and electronics, newspaper Handelsblatt reported on Monday.
Citing high-ranking EU negotiators, the paper said the EU is ready to cut its tariffs on U.S.-made vehicles, and to possibly change technical or legal hurdles to make it easier for U.S. manufacturers to sell their cars in Europe.
(Reporting by Ludwig Burger; editing by Matthias Williams)
The EU is prepared to accept a flat 10% tariff on all its exports to the United States.
The EU is ready to cut its tariffs on U.S.-made vehicles and may adjust technical or legal barriers to facilitate U.S. manufacturing.
The EU aims to avert any higher duties on cars, drugs, and electronics by proposing to accept the 10% tariff.
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