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EU, US trade deal spares beef and poultry from tariff cuts
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The Cattle Site
EU governments have broadly said they accept the deal as the lesser of evils, mindful that Trump was otherwise set to impose 30% tariffs on almost all imported EU goods.
The impact of removing industrial goods tariffs may in fact be modest, with two-thirds already tariff-free.
The average EU rate for US goods is 1.35%, according to economic think tank Bruegel, although the EU does charge 10% for cars.
Some products, including aircraft, cork and generic drugs are exempt from the 15% tariff, but steel, aluminium and copper are stuck at 50%.
However, Trump on Monday threatened additional tariffs on all countries with digital taxes or regulations.
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