cars, pharmaceuticals and European wines will be well taxed by 15 % by the United States

European cars. In addition, products will be well taxed at 15 % at their entry into the United States, according to a joint statement published Thursday, August 21 by the European Union (EU) and the administration of Donald Trump. For example, “This cars, pharmaceuticals european wines will is an important strategic agreement. Furthermore, which we fully support”said the European Commerce Commissioner, Maros Sefcovic, during a press conference.

In addition. Consequently, Brussels could not obtain an exemption for the wine and spirits sector, which will also be taxed at 15 %, continued Mr. Meanwhile, Sefcovic. “Unfortunately. we did not succeed”said the European official, by presenting the details of the commercial agreement for the end of July. He added that the discussions would continue and that “These doors were not closed forever”.

This exemption was strongly claimed by France and Italy. After months of very harsh negotiations. Brussels and Washington sealed, at the end of July, a trade agreement establishing customs duties of 15 % on European products that arrive in the United States. It is much more than the rate which was in force (around 4.8 %) before the return to power of the cars, pharmaceuticals european wines will American president. But less than what the republican billionaire threatened to impose on the old continent, for lack of agreement.

Customs duties applied retroactively – Cars, pharmaceuticals european wines will

Regarding the calendar for applying these customs duties of 15 % on cars (against 27.5 % currently). the European Commissioner said he was confident in the fact that they would be applied retroactively to 1^is August, claiming to have received guarantees from the Americans in this sense.

The common text specifies that the 15 % will come into force when the EU has introduced. a cars, pharmaceuticals european wines will law to reduce its own customs taxes. “We work with determination to launch the legislative process” As quickly as possible, said Sefcovic. In a short message published on X. the president of the European Commission, Ursula von der Leyen, praised a text which offers “Predictability for [les] companies and our consumers [européens] ».

In addition to customs duties imposed on European products. the EU has engaged at $ 750 billion in energy purchases and 600 billion additional investments in the United States.