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Sharjah24
EU Agrees to New US Fees with 15% Cap
The European Commission has agreed to bear the new American customs duties on some European products believed to be produced using forced labor, provided that the rate does not exceed 15%. This agreement aligns with the Trump administration’s efforts to reimpose reciprocal tariffs, including a 15% duty on most EU exports that was halted by a US Supreme Court ruling in February. The United States plans to impose an additional duty of up to 10% on European goods, expected to replace the current temporary tariff of 10%, as part of an investigation into unfair trade practices. These measures must adhere to the specified ceiling to ensure stability in the trading system.
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