The President of the European Commission, Ursula von der Leyen, announced zero tariffs on both sides of the Atlantic on a number of products, on Sunday 27 July. However, this appears to be far from guaranteed.
In an explanatory note published on Tuesday 29 July, the European Commission instead indicates that US tariffs on certain products in the aviation, chemicals, generic medicines and natural resources sectors will “go back” to the pre-January 2025 level. According to the...