EU Official: US 15% Tariff on EU is an All-In Tariff

BlockBeats News, August 5th, EU officials said on Tuesday that the 15% tariff faced by EU goods entering the United States is all-encompassing, including the most favored nation rate, which is different from some other countries that have agreements with the United States. The official stated that the 15% tariff applies to all goods except steel and aluminum. Currently, drugs and semiconductors have a tariff of zero, but if these goods are increased due to the U.S. 232 investigation, the tariff will also not exceed 15%. This 15% maximum also applies to cars and automotive parts. There are no quotas or restrictions on cars and automotive parts. (Golden Finance)