The Donald Trump administration issued a formal notice on Wednesday to implement the United States’ trade agreement with the European Union, confirming that automobiles and auto parts are subject to a 15% tariff starting August 1, and listing exemptions for certain pharmaceutical compounds, aircraft parts, and natural resources.
The Donald Trump administration issued a formal notice on Wednesday to implement the United States’ trade agreement with the European Union, confirming that automobiles and auto parts are subject to a 15% tariff starting August 1, and listing exemptions for certain pharmaceutical compounds, aircraft parts, and natural resources.
In a Federal Register notice, the Department of Commerce and the Office of the U.S. Trade Representative said they have amended the U.S. tariff schedule to implement the Framework Agreement reached with the EU at the end of July, which lowers Trump’s tariffs to 15% on the vast majority of imports from the EU, including automobiles.
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