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15-percent tariff applies to most of EU exports to U.S.: official

China

15-percent tariff applies to most of EU exports to U.S.: official
China

China

15-percent tariff applies to most of EU exports to U.S.: official

2025-08-05 20:45 Last Updated At:21:07

The 15-percent tariff lately imposed by the United states applies to most of the exports from the European Union, covering goods under the most-favored-nation treatment, said a senior EU official on Tuesday.

The tariff applies to all relevant goods of different categories to be exported from the EU to the United States.

The EU side has emphasized that although the detailed provisions are under formulation, the framework deal has delivered "immediate relief".

It still needs to take the EU some time to finalize a list of essential products exempt from U.S. tariffs.

The EU and the U.S. have not reached any consensus on when to conclude a joint statement on the trade deal, and the joint statement on the framework deal remains non-legally binding.

EU Commissioner for Trade and Economic Security Maros Sefcovic said Tuesday that he is in close communication with U.S. government officials to push for implementation of the framework deal, adding that both sides are negotiating on technical and policy details.

On July 27, U.S. President Donald Trump announced that the U.S. reached a new trade deal with the EU, imposing a 15-percent tariff on imports from the EU. Meanwhile, President of the European Commission Ursula von der Leyen described the 15-percent tariff as the best outcome.

In addition, agreements on tariffs in the three key areas - steel and aluminum, chips, and liquor - remain not concluded.

15-percent tariff applies to most of EU exports to U.S.: official

15-percent tariff applies to most of EU exports to U.S.: official

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.26 percent to 4,101.91 points.

The Shenzhen Component Index closed 0.18 percent lower at 14,281.08 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.2 percent to close at 3,361.02 points.

The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares close lower Friday

Chinese shares close lower Friday

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