The 15% tariff that European Union goods face when entering the United States is all-inclusive, incorporating the Most Favoured Nation Rate, unlike some other countries with deals with the US, an EU official has said.
The 15% rate applies to all goods, except for steel, aluminium, the official said.
Tariffs on pharmaceuticals and semiconductors are now zero, but if and when they rise as a result of the US 232 investigations, the tariff will be no higher than 15% as well.
This 15% ceiling also applies to cars and car parts. There are no quotas or limits on cars and car parts.
The official also said the EU is close to its final joint statement with the United States regarding their framework trade deal although no precise time can be given yet regarding when this will be published.
“It is pretty much ready and we are now waiting for our US colleagues to come back and confirm the final few things,” said the official.