While we await final confirmation of the EU Trade Agreement implementation instructions, we have received a summary prepared by the European Union. Although the implementation details remain unclear, it appears the agreement outlines a maximum duty rate of 15%. This matches the general guidance provided in the White House Fact Sheet.

We’ve included links to both summaries for your review:

White House Fact Sheet

European Union Fact Sheet

Key Components of the EU Agreement

• 15% Flat Duty Rate
  This rate appears to be inclusive of existing Column 1 duties—a key distinction we’ve explained in prior Tariff Tuesday webinars. This means the 15% acts as a cap rather than an additional charge.
• Automotive Sector Impact
  The 15% rate will apply to autos and auto parts. This would replace the current 25% 232 duty on auto parts, resulting in a net gain for the automotive industry.
• Tariff Mechanisms
  As a reminder:
  • Column 1 tariffs are part of the Harmonized Tariff Schedule enacted by Congress.
  • 301, 232, and IEEPA tariffs are trade remedies invoked by the President, typically with recommendations from the USTR or Secretary of Commerce, or in emergency scenarios.
• Administrative Complexity
  We are closely monitoring the risk of administrative confusion that may arise from merging Column 1 and IEEPA/Reciprocal tariffs—particularly if IEEPA actions are later ruled unlawful.

Copper Tariffs: Effective August 1

Final details have now emerged regarding the Section 232 copper tariffs:

• 50% tariff on semi-finished copper products (pipes, wires, rods, sheets, tubes) and derivative products (fittings, cables, connectors, electrical components).
• The tariff applies only to the copper content of a product.
• No stacking:
  • If a product is subject to auto 232 tariffs, those apply instead.
  • These tariffs do not apply to copper ores, scrap, cathodes, anodes, or other raw input materials.

Other Country-Specific Updates

• India:
  A reciprocal IEEPA tariff of 25% appears finalized, although no official publication has been released yet.
• Brazil:
  A new Executive Order was issued today, raising total tariffs on Brazilian goods to 50%.

We will continue monitoring these developments closely and will keep you informed. As always, your Client Services Import Specialist is available to answer any questions.

July 30, 2025