The EU took a step toward implementing the new trade agreement with the United States. Member states backed the European Commission ‘s proposal to eliminate or reduce tariffs on industrial goods and selected agricultural products from the United States. They also added safeguards to protect sensitive sectors.

Key points

  • Member States endorsed the Council’s position for negotiations with the European Parliament.
  • The proposal maintains the core elements of the Commission’s original draft from August.
  • It eliminates or reduces tariffs on industrial goods, selected agricultural products and seafood imported from the US.
  • Member states have added monitoring measures. The European Commission will monitor the impact of the tariff cuts and report by the end of 2028.
  • The Council supports a stronger safeguard mechanism to respond to sudden increases in imports or serious harm to EU producers.
  • The move follows the US decision to cap tariffs on most EU goods at 15 percent. EU tariffs on autos and auto parts were also cut to 15 percent, retroactive to August 1.
  • Senior U.S. officials met with EU officials in Brussels this week. The U.S. expects adjustments to digital rules in exchange for lower tariffs. The EU continues to push for a reduction in the 50 percent U.S. tariffs on steel and aluminum.

Why it matters to businesses
You face a changing tariff landscape. Lower tariffs reduce import costs and support cross-border supply chains. Stronger safeguards demonstrate the EU’s focus on protecting vulnerable sectors. Companies involved in industrial, automotive, agricultural or digital activities will need to track new compliance requirements.

About SIBIZ
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