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EU to Remove Tariffs on US Industrial Goods by End of August 2025

EU to Remove Tariffs on US Industrial Goods by End of August 2025
Saralnama

The European Union will remove all tariffs on US industrial goods by the end of this week to meet US President Donald Trump's demand. The EU will also offer lower tariffs on some US seafood and farm products. This move aims to reduce trade tensions after Trump threatened new tariffs on countries taxing US tech firms. The EU's plan includes applying a 15% tariff on European cars exported to the US from August 1, 2025. Germany exports cars worth $34.9 billion to the US. The deal is seen as a step to stabilize trade and avoid further tariff increases. (Updated 27 Aug 2025, 16:38 IST; source: link)