EU Goods Face Comprehensive 15% Tariff in U.S.

According to BlockBeats, European Union officials have announced that EU goods entering the United States are subject to a comprehensive 15% tariff, which includes the most-favored-nation rate. This differs from some other countries that have agreements with the U.S. The 15% tariff applies to all goods except steel and aluminum. Currently, pharmaceuticals and semiconductors have zero tariffs, but if these goods are affected by the U.S. 232 investigation, the tariffs will not exceed 15%. This 15% cap also applies to automobiles and auto parts, which are not subject to quotas or restrictions.