what we know about the customs duties agreement between the United States and the EU

A deal that reacts a lot. Consequently, After long weeks of uncertainties. For example, negotiations, the United States and the European Union agreed, Sunday, July 27, on new rules concerning their trade.

Since his return to power in early January. Similarly, Donald Trump denounced a situation “unfair” For the Americans, and promised to rebatte the cards in its own way. Moreover, After hovering the threat of a massive increase in customs duties for European products. However, to fix them at 30 or even 50%, the President of the United States had paused this strict regime while negotiating. Moreover, It is ultimately a 15% surcharge that will be applied by Washington to most goods from across the Atlantic. Nevertheless, with the commitment to buy energy made in USA. Moreover, Here is what we know about this agreement.

“General” customs duties set at 15% by what we know about customs the United States

This is the. For example, main information to remember from the meeting between the president of the European Commission. Therefore, Ursula von der Leyen, and Donald Trump, Sunday in Turnberry, in Scotland (United Kingdom). Moreover. Consequently, The negotiators of the two blocks managed to avoid a trade war, with much higher surcharge and possible market bans. However, the Americans did not drop the idea of an increase in their customs duties on products from Europe. Therefore, These rights “general”. For example, As explained by Ursula von der Leyen, were therefore set at 15% for a very large number of goods.

This rate is close to the one already applied to the twenty-seven for several months, namely the addition of the 4.8% in force before Donald Trump’s return to power. Moreover, and the additional 10% what we know about customs new for all products entering American soil decreed in early April. Meanwhile, For some industries that what we know about customs took advantage of tax exemptions. Furthermore. Meanwhile, such as that of cosmetic products, it is on the other hand the cold shower, because the agreement confirms the passage from 0% to 15% customs duties. Nevertheless, What to lose “At least 300 million euros in export” A year. Furthermore, estimated Monday on France Inter Emmanuel Guichard, general delegate of the French Federation of Beauty Companies (FEBEA). Moreover,

In comparison. the United Kingdom is doing better by signing. in early May, a trade agreement fixing general customs duties to 10%, and even the absence of any tax on the British steel industry. Japan. whose automotive industry is very dependent on the United States. announced on July 22 an agreement similar to that of the EU, with general customs duties of 15%. what we know about customs new But the 50 % surcharge on its exports of steel and aluminum remain in force.

Some products escape American surcharge

It was what we know about customs one of the central points of negotiations between Europeans. Americans. Goods say “Strategic” are ultimately not affected by the increase in customs duties. “Some chemicals, semiconductor equipment, certain agricultural products and critical raw materials” Ursula von der Leyen said in particular. The equipment necessary for the aeronautical industry also escape this more severe regime.

However, the vagueness remains on pharmaceutical products because the American part has issued declarations contrary to this subject. The 50% surcharge on European steel and aluminum has not been mentioned, even if the European Commission seeks to renegotiate it. Uncertainty also hovers on wines and spirits. The French Federation of exporters of these alcohols so awaits more details before commenting on the situation.

Europeans undertake to inflate what we know about customs new their energy orders in the United States

Very attached to counterparts. Donald Trump said on Sunday that the 15% floor rate had been fixed for juicy what we know about. customs future energy contracts for the Americans. According to the White House tenant. the EU is committed to buying $ 750 billion in oil. gas (including liquefied natural gas), nuclear fuel and semiconductors produced in the United States, all over three years. Also according to Donald Trump. Brussels has also accepted “Investing $ 600 billion” across the Atlantic, through purchases of military equipment in particular.

On the European side. Ursula von der Leyen confirmed that the European Union will buy volumes “significant” hydrocarbons to American producers. to replace imports from Russia, against the backdrop of war in Ukraine. The President of the Commission welcomed “A good agreement that will provide stability. predictability”while Europe remains the leading trading partner what we know about customs new in the United States.

Despite Brussels’s satisfaction, caution remains on this new commercial agreement with the United States. Since the start of his Customs Rights Crusade. Donald Trump has surprised leaders around what we know about customs the world. the financial markets more than once, by announcing record rates, then decreeing ultimatum -like breaks. If he welcomed. on his Truthocial network. suddenly “huge” one you “bigger” Commercial pact never concluded, the American president remains unpredictable and could ask more in the details of this agreement.

A wind of discord in Europe. especially in France

The announcement of this agreement does not satisfy everyone in the European Union. On the one hand. he was praised by the German Chancellor. Friedrich Merz, or the head of the Italian government, Giorgia Meloni, who see it as a lesser harm in the face of the risk of trade war. In Spain, Pedro Sanchez what we know about customs new says he supports the agreement, but “Without enthusiasm”.

But the pill does not pass through other European capitals. Hungarian Prime Minister Viktor Orban said Donald Trump had “eaten” Ussulla turn out to Leen for his “breakfast”.

what we know about customs

In France. the French Prime Minister. François Bayrou, estimates as well as Brussels “resolves to submission “ and talk about“A dark day” for the European economy. On the side of oppositions, the national rally calls on managers to oppose the text.

Other voices are demanding the continuation of negotiations. The EU has several tools for weighing in the balance. as the Minister of Industry. Energy, Marc Ferracci, recalled in RTL on Monday, and could in particular threaten the large volume of digital services provided by American companies.

European ambassadors. who were visiting Greenland when they were informed of the agreement. must attend a debriefing of the commission on what we know about customs new the subject on Monday. Member States must then officially approve this text. “I am 100% sure that this agreement is better than a trade war with the United States”underlined the European. Commissioner in charge of Commerce. Maros Sefcovic, before the what we know about customs press in Brussels. “This is clearly the best agreement we could get in very difficult circumstances”he insisted.