Brussels, Aug. 27, 2025 – The European Union said on Wednesday it will seek to fast track removal of all tariffs on US industrial goods by the end of the week, after the US and the EU established in written framewor for the trade deal agreed to in late July.
President Trump requested that tariffs be removed before the US lower its duties on the bloc’s auto exports.
his latest move by the EU follows Trump’s warning on Monday that he could impose new tariffs and export limits on advanced technology and semiconductors in response to digital service taxes in other countries that he says unfairly target American tech firms.
Trump did not specify any countries in his post, but the European Union has employed various taxes and regulatory methods that Trump has said unfairly targets US tech giants. The EU defended its use of the measures on Tuesday.
“It’s the sovereign right of the EU and its member states to regulate our economic activities on our territory,” a spokeswoman said.
Trump’s 50% tariffs on India have now kicked in, a move that some say will upend a decades-long push by Washington to forge closer ties with New Delhi.
Trump added an extra 25% tariffs on to India imports because of its purchase of Russian oil, which Trump claims has been aiding the Russian-Ukraine war.
Analysts say that Trump’s tariffs could wipe out any gains India made from purchasing discounted Russian oil. The hit to labour-intensive industries, such as textiles is also a concern.
Trump said on Monday, a 15% tariff on imports from South Korea will hold despite President Lee Jae Myung’s visit to Washington, D.C.
Last week, Trump said that the US is investigating furniture imports and will impose a tariff on the products once the probe is complete.
Also last week, Canada vowed to drop its retaliatory tariffs to match US tariff exemptions for goods covered under the US-Mexico-Canada trade pact.
Those tariffs face legal limbo in an appeals court cases that could be decided within days.
Justice Department lawyers and lawyers for a group of small business importers who are challenging the tariffs imposed under this authority argued that their positions before the US Court of Appeals for the Federal Circuit.
If the court rules against the government, it’s likely Trump would appeal to the Supreme Court. (Yahoo/Finance)
