EU Sees US Tariffs Breaking Deal Limit on €4.2 Billion of Goods

President Donald Trump’s new tariff program will leave about €4.2 billion ($5 billion) of European Union exports facing levies above the 15% ceiling agreed in the EU-US trade accord.

Trump’s new policy will increase duties above the maximum allowed level on European exports including cheese, butter, some agricultural products as well as several plastics, textiles and chemicals, according to people familiar with the EU’s assessment of the rates.

Read More: Trump to Hike US Tariff to 15% ‘Where Appropriate,’ Greer Says

Other goods such as some spirits will face rates lower than 15%, said the people, who spoke on ...