EU prepared to accept a flat 10% US tariff under clear conditions

Source Fxstreet

Handelsblatt, a German newspaper, reported on Monday that the European Commission is prepared to accept a flat-rate United States (US) tariff of 10% under clear conditions.

Additional takeaways

Brussels negotiators hope that a flat tariff will avert higher US duties on cars, pharmaceuticals, and microelectronics.

Americans have not yet agreed to limit their car tariffs against the European Union (EU) to 10%.

If the US waives higher car tariffs, the EU will lower its import tariffs on US vehicles and recognize certain American product standards in future.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Outlook 2025As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
Author  TradingKey
Jan 23, Thu
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
placeholder
Ethereum Price Turns Positive — More Upside Likely if Momentum HoldsETH is now consolidating gains and might aim for a fresh move above $2,620.
Author  NewsBTC
21 hours ago
ETH is now consolidating gains and might aim for a fresh move above $2,620.
placeholder
Jeff Bezos sold nearly 3 million Amazon shares for $665.8 million in early JulyJeff Bezos has sold nearly three million shares of Amazon in the first two days of July, offloading a total of $665.8 million.
Author  Cryptopolitan
21 hours ago
Jeff Bezos has sold nearly three million shares of Amazon in the first two days of July, offloading a total of $665.8 million.
placeholder
Gold price slides further below $3,300, over one-week low amid a firmer USDGold price (XAU/USD) trades with a negative bias below the $3,300 mark during the Asian session on Wednesday and drops to a one-and-a-half-week low in the last week.
Author  FXStreet
19 hours ago
Gold price (XAU/USD) trades with a negative bias below the $3,300 mark during the Asian session on Wednesday and drops to a one-and-a-half-week low in the last week.
placeholder
EUR/USD hesitates near weekly lows as trade tensions growThe EUR/USD pair is practically flat on Wednesday, near the bottom of the weekly range.
Author  FXStreet
16 hours ago
The EUR/USD pair is practically flat on Wednesday, near the bottom of the weekly range.
Related Instrument
goTop
quote