EU: Progress on tariff deal with the US - tariffs above 15 percent under discussion

According to a media report, the US and the EU are nearing an agreement on 15 percent US tariffs. The EU could agree to the so-called reciprocal tariffs to avoid an increase to 30 percent starting August 1, as threatened by PresidentDonald Trump (79), the Financial Times reported on Wednesday, citing people familiar with the process. According to the report, tariffs on some products such as aircraft, spirits, and medical devices are to be eliminated. Two EU diplomats confirmed a rapprochement. They said the 15 percent tariff could also apply to cars.