In a modern development, European Commission President Ursula von der Lin announced that the United States will impose a 15 % essential tariff on European Union Imported commodities, including cars, semi -conductors and pharmaceutical products. This announcement was reported by Yahoo Financing.
Also read: The European Union and the United States are about to trade in the new tariff plans
Von Der Leyen also revealed that a zero -tariff rate has been created for zero for strategic products such as aircraft, aircraft parts, some chemicals and public drugs. However, no decision on the tariff rate of wine and lives has not been reached.
According to the data from the IndexBox platform, the European Union’s exports of cars and pharmaceutical preparations for the United States were important contributors to the commercial relationship, as the auto sector alone represents billions in commercial value annually. The newly agreed tariff rates are expected to bring stability and the ability to predict these sectors.
“Today’s deal creates certainty at unconfirmed times, providing stability and prediction of prediction,” Von der Layen stated during its briefing in Scotland.
Source: Indexbox Market Intelligence
