Which sectors are exempted from the 15 per cent EU-US tariff rate?

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Sectors Exempted from the 15 Per Cent EU-US Tariff Rate

The European Union and the United States have agreed to bilateral tariff exemptions for a range of key goods, meaning these items will not be subject to the 15 per cent across-the-board levy. This agreement aims to de-escalate trade tensions and avoid significant tariffs that could impact the multi-trillion dollar transatlantic trade relationship.
Key Exempted Goods

Specific categories of products have been identified for bilateral tariff exemption. These include aircraft, various types of chemicals, equipment used in semiconductor manufacturing, and certain agricultural products. Additionally, critical raw materials essential for industrial processes are also covered under these exemptions.
Impact on Specific Industries

The agreement offers relief to sectors that were facing the threat of substantial tariffs. For instance, the automotive sector, which employs approximately 13 million people in the EU, will see tariffs reduced. While a 15 per cent levy remains for most goods, the exemption of certain critical components and finished products like aircraft will mitigate some of the direct financial impact on these industries.
Ongoing Negotiations and Future Details

While a framework agreement has been reached, certain details are still being finalised. The European Commission will present the deal to EU member states for approval, with ambassadors scheduled to meet for a debrief. Discussions are ongoing regarding specific product groups, such as alcohol, where particular member states like France and The Netherlands have sought carve-outs for their wine and beer exports, respectively.

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Which sectors are exempted from the 15 per cent EU-US tariff rate?

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