The US caps tariffs on European cars and medicines at 15 percent.
21 August 2025
The US will cap tariffs on European cars, pharmaceuticals and semiconductors at 15 percent, Washington and Brussels have agreed in a joint statement seen by POLITICO.
Donald Trump and Ursula von der Leyen's account of the deal differed on the day, notably on pharma, causing concern that drug producers in Europe could end up being priced out of the US market entirely.
Donald Trump and Ursula von der Leyen's account of the deal differed on the day, notably on pharma, causing concern that drug producers in Europe could end up being priced out of the US market entirely.