The United States administration is actively evaluating a plan to implement a reciprocal 10% tariff rate on traded goods with European nations. This proposal would standardize import duties at a flat 10% bilateral level for both economies.
Significantly, officials indicate this reciprocal tariff framework is being considered even in scenarios where broader trade negotiations between the US and Europe fail to yield a comprehensive agreement. Such a move would enforce tariff parity irrespective of ongoing diplomatic outcomes and existing trade terms.