WASHINGTON, Sept 24 (Reuters) - The Trump administration
issued a formal notice on Wednesday implementing the U.S. trade
agreement with the European Union, confirming that autos and
auto parts imports will be subject to a 15% duty from August 1
and listing exemptions for certain pharmaceutical compounds, all
aircraft and aircraft parts, and certain natural resources.
In a Federal Register notice, the Commerce Department and
the U.S. Trade Representative's office said they have amended
the U.S. tariff schedule to implement the Framework Agreement
reached with the EU in late July that lowers President Donald
Trump's tariffs to 15% on the vast majority of imports from the
EU, including autos.
The deal was subsequently modified to make the duty rate
retroactive to August 1, but European automakers have been
waiting for the formal notice.
The U.S. notice also specifies hundreds of products from
the EU that are exempt from tariffs, including natural resources
such as cork that are unavailable in the U.S., all aircraft and
aircraft parts, and generic pharmaceuticals and their
ingredients and chemical precursors.