Dice at 15% also on cars, drugs and chips, while the wine remains out of the agreement with the USA. Brussels announced the joint declaration with the United States on what is agreed in Scotland on 27 July between Ursula von der Leyen and Donald Trump.
The text officials the final agreement on the levels of rates taken in early August and on the sectors involved, in addition to illustrating in detail the economic commitments of the European Union against Washington.
The US-EU joint declaration
In the joint declaration, the European Commission confirmed the maximum tariff rate and all -inclusive of 15% for almost all the EU exports to the United States, including crucial sectors such as automotive, pharmaceutical, semi -dutch and timber, also specifying how the products already subject to duties of the “most favored nation” (NPF) equal to or higher than 15% of others will not be subject to others. Increased.
Brussels added that with Washington will continue to work to extend this tariff regime to other categories of products left out of the agreement.
Among these also liqueurs, wine and beer, as explained by the EU Commissioner to the Maros Sefcovic trade, which also underlined how the digital rules of the European Union provided in the Digital Market Act and the Digital Service Act have also remained outside the negotiations:
There will be many issues that will be discussed, but to be very clear: regulatory autonomy is absolutely important
Rates on steel and aluminum
In the declaration, the European Commission has assured that it will continue to treat to apply the tariff levels according to the criterion of the “most favored nation” also for steel, aluminum and derivatives, on which 50% duties will take place on 18 August intended to affect the costs of the metal parts of over 400 products:
As regards steel, aluminum and their derivative products, the European Union and the United States intend to evaluate the possibility of cooperating to protect the respective internal markets with excess production capacity, while guaranteeing safe supply chains with each other, also through solutions based on tariff contingents
As for cars and related components, Brussels has specified that the application of the maximum threshold of 15% will take place parallel to the EU starting from the tariff reductions on American products.
Exempt products
Starting from September 1, a series of products will be free from the duties to 15%:
- Natural resources not available (including cork)
- All aircraft and parts
- Generic drugs with their ingredients and chemical precursors
A list of goods that will be subjected only to the rates of the “most favored nation” and that the European executive declares to continue to try to extend, as also underlined by a note from Palazzo Chigi to comment on the formalization of the agreement on the duties:
The government is committed, together with the European Commission and the other EU Member States, to further increase in the coming months, as required by the joint declaration, the free product sectors, starting from the agri -food sector. Particular commitment will be reserved for the conclusion of an agreement in terms of steel and aluminum, also provided for in the framework of the joint declaration
The commitments of the European Union
In the text, the European Union declared the commitments made for the elimination of all duties on the industrial goods imported from the USA and significantly improve the market access for certain products, from the fish fish fish, from dairy products to transformed foods, from cereals and seeds to pork and bison meat.
Among the commitments with Washington, Brussels also confirmed the purchase from the United States of about 700 billion euros of liquefied natural gas, oil and nuclear energy products by 2027, also guaranteeing a volume of investments in the US by European companies for an amount of about 550 billion euros in various sectors, from here to 2029.
