EU waits for more Trump orders on sector tariffs like cars
EU waits for more Trump orders on sector tariffs like cars
Published by Global Banking and Finance Review
Posted on August 1, 2025
Published by Global Banking and Finance Review
Posted on August 1, 2025
BRUSSELS (Reuters) -U.S. President Donald Trump's recent executive order only sets out his so-called "reciprocal" tariff for the EU at 15% and does not apply to cars and other agreed carve-outs, EU officials said on Friday, adding they expect further more detailed orders to follow.
EU exports of car and car parts to the U.S. currently face a 27.5% tariff, of which 25% is due to Section 232. But in Scotland on Sunday, the EU and Trump announced a framework deal on trade in which duties on cars and car parts would be reduced to 15%.
They also agreed zero-for-zero duties on a range of goods such as on all aircraft and aircraft parts.
The zero-for-zero tariffs are also not included in Trump's Thursday order, the officials said, which will take effect on August 7.
(Reporting by Julia Payne and Jan Strupczewski; Editing by David Holmes)
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