Overview

• The Commerce Department and USTR filings confirm the EU car duty reduction from 27.5% to 15% with retroactive effect to August 1.
• The EU has begun abolishing tariffs on U.S. industrial goods and granting preferential access for additional products as part of the package.
• U.S. postings list hundreds of EU items fully exempted from tariffs, including aircraft, aircraft parts and certain generics, alongside other specified products.
• Fifty percent tariffs on EU steel and aluminium remain in place, with talks continuing between EU Trade Commissioner Maroš Šefčovič and U.S. Trade Representative Jamieson Greer.
• President Trump announced new tariffs effective October 1—100% on medicines with carve-outs for firms building U.S. production, plus levies on furniture and heavy trucks—while analysts warn of tariff‑evasion risks and the U.S. expands enforcement.