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FX Daily Updates
EU says its proposal means lowered U.S. car tariffs down to 15% retroactively from Aug. 1
georgemiller
Publish Date: Thu, 21 Aug 2025, 11:26 AM

BRUSSELS, Aug 21 (Reuters) - The European Union's proposal would mean lowered U.S. car tariffs down to 15% retroactively from August 1st, the European Union's trade commissioner Maros Sefcovic said on Thursday.
Sefcovic's comment came as a 3-1/2 page joint statement by the United States and the EU was released, locking in a trade deal reached last month that includes a 15% tariff on most EU imports.
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https://www.reuters.com/business/eu-says-its-proposal-means-lowered-us-car-tariffs-down-15-retroactively-aug-1-2025-08-05/