EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports
EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports
Published by Global Banking and Finance Review
Posted on June 16, 2025
Published by Global Banking and Finance Review
Posted on June 16, 2025
(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)
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