The European Union plans to eliminate tariffs on American industrial goods to alleviate the impact of car tariffs.

Category: Industry News

Time:2025-08-29

On Thursday local time, the European Commission announced it will remove import tariffs on all industrial goods from the United States and expand market access for American agricultural products. This move aims to give European car manufacturers some breathing room and prevent their U.S. export business from being harmed by higher tariffs.

　　On Thursday local time, the European Commission announced that it will cancel import tariffs on all American industrial products and expand market access for American agricultural products. This move aims to give European car manufacturers some breathing room and prevent their US export business from being harmed by higher tariffs.

　　The above proposal aims to implement the joint statement released by the EU and the US last week. According to the statement, the US promised to reduce tariffs on EU cars and parts from 27.5% to 15%, and from September 1, implement zero or near-zero tariffs on several products including cork, aircraft and parts, generics, and chemical precursors. In exchange, the EU also promised to lower tariffs on a range of American products.

　　EU governments generally accept the agreement, considering it the lesser of two evils, because without the agreement, Trump planned to impose a 30% tariff on almost all EU imports.

　　The European Commission said on Thursday: "These proposals are the first step in implementing the agreement, aiming to ensure tariff relief for the EU's key automotive sector from the US, retroactive from August 1."

　　This means the new lower car tariffs will be retroactive to early August, shortly after the framework agreement was reached. EU Trade Commissioner Maroš Šefčovič revealed last week that US Commerce Secretary Lutnick has assured the EU side that the measure will have retroactive effect.

　　Previously, the higher tariffs proposed by the US had already caused alarm in the European automotive industry. From Jeep's parent company Stellantis to luxury car brand Porsche, many car companies have recently seen significant declines in US sales.

　　According to the EU's latest proposal, tariffs on American industrial products will be completely eliminated, while American seafood and some "non-sensitive" agricultural products will receive more favorable market access treatment. Another separate proposal involves granting duty-free treatment to American lobsters (including processed products).

　　These two proposals are necessary legislative steps to implement the first part of the EU-US joint statement commitments. Next, the European Parliament and the Council of the EU need to approve through the ordinary legislative procedure before the relevant tariff measures can take effect.

　　The European Commission stated: "These measures help restore stability and predictability in trade and investment relations between the EU and the US."

　　In fact, the impact of canceling tariffs on American industrial products may be relatively limited, because two-thirds of the related products already have zero tariffs. According to think tank data, the EU's average tariff on American industrial products is only 1.35%, but the tariff on cars is 10%.

Keywords: The European Union plans to eliminate tariffs on American industrial goods to alleviate the impact of car tariffs.

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