Overview

• Brussels is preparing to fast‑track a repeal of EU industrial tariffs this week, bypassing a standard impact assessment to meet a U.S. deadline, according to Bloomberg‑sourced reporting carried by the New York Post.
• Under the emerging arrangement, most U.S. tariffs on EU goods would be capped at 15%, with the U.S. rate on European autos falling from 27.5% to 15% retroactive to Aug. 1 if the EU acts by the end of the month, according to the same reports.
• European Commission President Ursula von der Leyen called the developing pact “a strong, if not perfect deal,” framing the push as a bid for stability after years of tariff threats.
• A joint statement released last week outlined the 15% baseline, EU moves to remove tariffs on U.S. industrial goods and certain seafood and farm products, EU purchase and investment pledges, and U.S. MFN treatment for specified European items, while leaving metals and wine and spirits unresolved.
• German business groups urged Brussels to adopt a tougher line and seek clearer safeguards, warning the bloc may be conceding too much as key terms remain unsettled.