The administration of US President Donald Trump today issued an executive order to implement the trade agreement between the United States and the European Union, Reuters reported, quoted by BTA. It confirms that the 15 percent tariff on imports of cars and auto parts from the EU will be applied retroactively from August 1.
The official notice also lists exceptions, with the goods that will not be subject to duty including certain pharmaceuticals, aircraft parts and others.
In late July, Washington and Brussels reached a trade agreement that provides for a base rate of 15 percent for exports of almost all goods, including car parts, semiconductors and pharmaceuticals from Europe to the United States. This level is lower than the 30 percent previously announced by US President Donald Trump.
Under the new agreement, cars made in the United States will be imported duty-free into the European Union.