It is said that the European Union and the United States are about to finish a trade agreement that would see the imposition of 15 % of the customs tariff on European imports. This development reflects a recent deal concluded by US President Donald Trump with Japan, as detailed in a report issued by the Financial Times.
Also read: American imports decrease with a vigor trade tariff
According to the sources, the proposed agreement includes exemptions on some products such as aircraft, lives and medical devices, with the aim of reducing the impact on the specified industries. However, the European Union is still preparing a large retaliatory tariff package of 93 billion euros (109 billion dollars), which can be enact if a deal is not reached by August 1.
Data from the IndexBox platform shows that in 2024, the United States imported more than $ 55 billion of cars and auto parts from Japan, while imports from the European Union are worth 47.3 billion euros (55.45 billion dollars), the data from the IndexBox platform shows that in 2024, the United States imported more than $ 55 billion of cars and auto parts from Japan, while imports from the European Union are worth 47.3 billion euros (55.45 billion dollars), the data from the IndexBox platform shows that in 2024, the United States imported more than $ 55 billion of cars and auto parts from Japan, while imports from the European Union are of 47.3 billion euros (55.45 billion dollars). The trade imbalance highlights the importance of the auto sector in the ongoing negotiations. Both the White House and the European Union have not yet commented on the matter, and the details of the agreement are still not verified by Reuters.
Source: Indexbox Market Intelligence
