EU edges closer to US trade deal with 15% tariff proposal
After months of tense back-and-forth tariff threats, the European Union and the United States seem to be moving toward common ground.
At the centre of this potential agreement is a 15% tariff that would apply to most imported goods — a move both sides hope will calm rising trade pressures and avoid a costly tariff battle, News.Az reports citing foreign media.
A breakthrough could be near, with both sides working on a deal that would implement a 15% tariff on most traded goods — a move aimed at cooling down the tariff standoff.
According to diplomats, EU member countries may agree to a 15% import duty on a wide range of goods, including vehicles. However, for products like steel and aluminium that go beyond a certain import quota, the tariff could go up to 50%, one diplomat said.
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