EU Accepts 50% U.S. Metals Tariffs, Agrees to 15% Auto and Chip Duties

Senior U.S. administration officials said European Union leaders have agreed to impose 15% tariffs on automobiles, semiconductors and pharmaceuticals, marking a coordinated move between Washington and Brussels on trade policy. The officials added that the EU also accepted Washington’s existing 50% tariffs on steel and aluminum, although the bloc signaled it wants to keep negotiating over the metals duties. The understanding removes an immediate point of tension while leaving the door open for further talks on steel and aluminum trade.