Under the U.S.-EU framework, the United States agreed to match Section 232 sectoral tariffs to the EU’s new 15 percent baseline rate, with a cap ensuring that if the MFN rate is below 15 percent, the 232 tariff does not exceed 15 percent, and if the MFN rate is higher, no additional 232 tariffs are added.

Authors

• Person: Inu Manak, Allison J. Smith Organization: Council on Foreign Relations
  Tracking Trump's Trade Deals | Council on Foreign Relations

Sources

• Tracking Trump's Trade Deals | Council on Foreign Relations www.cfr.org Inu Manak, Allison J. Smith · Council on Foreign Relations via serper

Referenced by nodes (1)

• U.S. location