Overview

• The EU has offered to accept a fixed 10% tariff on its exports to the United States if the deal includes transparent criteria and prevents higher duties on cars, pharmaceuticals and electronics.
• Brussels would reciprocate by reducing its own counter-tariffs on U.S. car imports and recognizing selected U.S. technical standards.
• EU leaders insist the 10% rate would be temporary and contingent on strict, shared conditions rather than a permanent commitment.
• Officials are also weighing a complete ban on Russian gas imports to shift European demand toward U.S. liquefied natural gas.
• Japan risks a 24% U.S. tariff rate from July unless it negotiates a separate deal with Washington before the current levy schedule takes effect.