EU to Accept Trump Universal Tariff But Seeks Key Exemptions

WATCH: The EU is willing to accept a trade arrangement with the US, but wants the US to commit to lower rates on key sectors. Oliver Crook reports.Source: Bloomberg

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By Jorge Valero and Alberto Nardelli

June 30, 2025 at 5:55 PM UTC

Updated on

July 1, 2025 at 2:22 PM UTC

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The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.