May 26 (Reuters) - U.S. President Donald Trump has

backed away from a threat to impose 50% tariffs imminently on

imports from the European Union, giving more time for talks

between Washington and the 27-nation bloc to produce a deal.

Economically, both sides have much at stake.

The United States was the trading bloc's biggest export

partner in 2024, making up 20.6% of exports, according to

Eurostat.

Medicinal and pharmaceutical products were the EU's most

exported sector to the U.S in 2024, followed by motor vehicles

and aircraft and associated equipment, the data showed.

The three largest exporters to the United States in the EU

were Germany, which exported 161 billion euros ($182.62 billion)

worth of goods, Ireland, at 72 billion euros, and Italy, at 65

billion euros.

Below is an overview of the biggest EU exports to the U.S.

by sector:

MEDICATION AND PHARMACEUTICALS

The EU exported pharmaceutical products and medicaments

worth around 120 billion euros to the U.S. in 2024, according to

Eurostat data.

Although the Trump Administration initially spared

pharmaceutical products from the reciprocal tariffs he announced

on what he called "Liberation Day", it was not immediately clear

if the industry would continue to be shielded.

Some of the EU's biggest pharmaceutical companies are

- Novo Nordisk

- Bayer

- Roche

- Novartis

AUTOMAKERS

EU countries export around 750,000 vehicles a year to the

U.S., according to consulting firm AlixPartners.

Worth around 40 billion euros, this accounts for 14% of the

EU auto industry's total output in terms of volume, and 24% in

terms of value as most cars exported to the U.S. are premium

models.

As a result, the U.S. was the second largest market for EU

car exports in 2024 in terms of value, data from auto industry

group ACEA shows.

Mercedes-Benz, Stellantis ( STLA ) and Volvo

Cars are among automakers who have withdrawn their

2025 financial guidance, citing the uncertainty caused by U.S.

trade policy.

Germany's Volkswagen Group is highly exposed to

the tariffs, as its premium brand Audi does not manufacture in

the U.S., though it has said it plans to announce a location to

build some of its best-selling models in the market this year.

AIRCRAFT AND AIRCRAFT EQUIPMENT

Toulouse-based Airbus is France's second-biggest

exporter and delivers some 12% of its jets to the United States,

some of which are assembled locally, according to Cirium data.

Among the biggest suppliers to Airbus and Boeing ( BA ) is

CFM International, the world's largest engine maker by volume,

co-owned by France's Safran, and GE Aerospace.

ENGINES, MOTORS AND MOTOR VEHICLE PARTS

The European Union also delivers car parts and engines into

the U.S.. Companies that could be affected by tariffs include

MTU Aero Engines, which manufactures military aircraft engines

and repairs and maintains commercial engines.

European companies manufacturing car parts, including

engines and motors:

- Steyr Motors ( STYRF )

- MTU Aero Engines

- DEUTZ

ALCOHOL

Of the alcoholic beverages worth around 9 billion euros that

the EU supplies to the U.S., European spirits made up 2.9

billion euros in 2024, according to trade group spiritsEurope.

U.S. spirits companies are also invested in Europe and

throughout the sector's supply chain, meaning any tariff damage

to them puts jobs at risk beyond the European Union,

SpiritsEurope had told Reuters in March.

Some of the biggest European alcohol producers include:

- Dutch brewer Heineken

- British spirits maker Diageo ( DEO ), owner of many

European brands

- Beer maker Carlsberg

COSMETICS

Exports of perfumes, essential oils, cosmetics, and

toiletries to the United States were worth $10.47 billion in

2024, according to the United Nations Comtrade database.

Of this, French cosmetics exports to the U.S., from

companies such as L'Oreal, reached about 2.5 billion

euros per year.

LUXURY

The sector's largest groups sell roughly a quarter of their

products to U.S. consumers, while exposure among smaller brands

varies, from 14% at outerwear company Moncler to 46%

at sandals-maker Birkenstock ( BIRK ).

France's luxury industry - the world's largest - employs

over 600,000 people, data from the economy ministry shows.

Italy, which produces most of the world's high-end leather

goods, is also highly exposed to international trade.

The two countries are the largest exporters of most luxury

products to the United States.

S&P analysts cited the luxury sector in a note as one of

those most exposed to U.S. tariffs, as companies have only

limited ability to move production to the United States.

($1 = 0.8816 euros)

(Compiled by Javi West Larrañaga and Marleen Kaesebier in

Gdansk; additional reporting by Simon Ferdinand Eibach; Editing

by Nick Zieminski and Barbara Lewis)