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EU, US near trade deal with 15 percent baseline tariff

By Oscar Pandiello ( July 23, 2025, 18:02 GMT | Insight) -- The EU and US are nearing a trade agreement that would set a 15 percent baseline tariff on EU exports, MLex understands. The deal could resemble the one announced this week between Washington and Tokyo. Earlier today, the European Commission said it would merge two retaliation packages against the US, targeting 93 billion euros ($109 billion) worth of imports, aiming to enforce them by Aug. 7 if talks collapse. The EU and the US are nearing a trade agreement that includes a 15 percent baseline tariff for EU exports, MLex has learned....

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