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US Imposes 15% Baseline Tariff on EU Goods as Auto Duties Remain at 27.5%

In-transit EU shipments are exempt until October 5 pending a second executive order to reduce auto tariffs.

View of a parking lot with new cars for export, at the Belgian port of Zeebrugge, Belgium February 14, 2023. REUTERS/Yves Herman/Pool/File Photo
Hildegard Mueller, President of the German Association of the Automotive Industry, speaks during an event at the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 5, 2023. REUTERS/Leonhard Simon/File Photo

Overview

  • The 15% baseline tariff took effect at 12:01 a.m. EDT on August 7, applying to most EU imports not under Section 232 investigations.
  • Products facing Section 232 probes—including autos, pharmaceuticals, semiconductors, wine and spirits—are excluded from the initial tariff order.
  • Shipments and warehoused EU goods in transit before August 7 will maintain their previous status until October 5 under the first executive order.
  • The auto tariff reduction to 15% agreed by President Trump and Ursula von der Leyen in Scotland remains unsigned, keeping the current 27.5% levy in place.
  • US and EU officials are negotiating a final list of products eligible for zero-for-zero duties or lower most-favoured-nation rates as part of the phased trade framework.