EU Hopes for Exemption from Trump's 15% Universal Tariff Increase

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EU May Dodge Trump's 15% Tariff Hike; US Assures 10% Rate

EU May Dodge Trump's 15% Tariff Hike; US Assures 10% Rate

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CNBC Awaaz•04-03-2026, 20:16

EU May Dodge Trump's 15% Tariff Hike; US Assures 10% Rate

•US President Donald Trump plans to raise universal tariffs from 10% to 15%.
•European Union (EU) reportedly assured by US to maintain 10% tariff on its exports.
•This means the proposed 15% tariff may not apply to the EU, offering significant relief.
•US Trade Representative and European Commission refuse official comment, indicating sensitivity.
•Exemption for EU could create global trade imbalances, giving EU a competitive edge.

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