EU Accepts US Tariffs with 15% Limit
The European Commission announced its readiness to accept the United States imposing new customs duties on European goods, provided that the rate does not exceed 15%. This move comes in response to Washington's intention to levy tariffs on European products suspected of being used for forced labor. This comes amid an effort by the Trump administration to reactivate reciprocal tariffs after they were abolished last February. The new tariffs are expected to replace the temporary 10% tariffs that will expire next Friday. A European official confirmed that the duties should remain within the agreed-upon limit to ensure the stability of the European market.
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