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Fact check: What are the current tariff rates between the USA and EU in 2024?

Checked on July 30, 2025

1. Summary of the results

Based on the analyses provided, there appears to have been a significant shift in USA-EU tariff rates from the baseline 2024 levels. The sources consistently report that a new trade agreement between the United States and European Union has fundamentally altered the tariff landscape [1] [2] [3].

Key tariff changes include:

  • 15% US tariff on most EU imports - This represents a dramatic increase from the previous average of 1.2% in 2024 to 17.5% under the new agreement [2]
  • Zero tariffs on US goods exported to the EU - The EU has eliminated all tariffs on US industrial goods [1] [2]
  • 50% tariffs maintained on steel, aluminum, and copper - These sectoral tariffs remain unchanged from previous levels [1] [3]
  • Specific exemptions exist for aircraft, aircraft parts, certain chemicals, generic drugs, semiconductor equipment, and some agricultural products [3]

The agreement is described as a "Cooperation Agreement on Reciprocal, Fair and Balanced Trade" and represents what sources call a "massive trade deal" that has averted a potential trade war [1] [3].

2. Missing context/alternative viewpoints

The analyses reveal several important contextual elements that provide a more complete picture:

Economic beneficiaries and impacts:

  • US industries benefit significantly from the elimination of EU tariffs on American industrial goods, pharmaceuticals, and semiconductors [1] [2]
  • EU exporters face substantial cost increases due to the 15% tariff, which could affect their competitiveness in the US market [2]
  • Steel and aluminum producers continue to face the highest barriers with 50% tariffs remaining in place [1] [3]

Alternative perspectives on the deal:

The sources suggest there's debate about which side emerged as the "winner" in this trade agreement [2]. While US exporters gain tariff-free access to EU markets, EU exporters face significantly higher costs when selling to the US market.

Implementation details:

There are discussions about potentially replacing steel and aluminum tariffs with a quota system, indicating the agreement may still be evolving [3].

3. Potential misinformation/bias in the original statement

The original question asking about "current tariff rates between the USA and EU in 2024" appears to be seeking baseline information that no longer reflects the actual trade relationship. The analyses consistently show that a major trade agreement has superseded the 2024 baseline rates.

Potential issues with framing:

  • The question implies static 2024 rates, but the sources indicate dynamic changes through a new trade framework [1] [2]
  • The asymmetrical nature of the new arrangement - where EU goods face 15% US tariffs while US goods enter the EU tariff-free - represents a fundamental shift that simple "current rates" doesn't capture [2]

Source reliability concerns:

While multiple sources corroborate the key details, the lack of publication dates makes it difficult to establish the timeline of these developments or verify their current status. The sources include official government communications (White House) and major news outlets (CBS, Reuters), suggesting credible reporting, but the absence of temporal context raises questions about when these changes took effect.

Want to dive deeper?
What are the main products affected by tariffs between the USA and EU in 2024?
How do the current tariff rates between the USA and EU compare to those in 2020?
What role does the World Trade Organization play in setting tariff rates between the USA and EU?
Which industries in the USA and EU are most impacted by current tariff rates?
Are there any ongoing trade negotiations between the USA and EU to reduce or eliminate tariffs in 2024?