EU enacts US tariff deal from July 1 – 15% on EU goods, zero on US goods

The European Union will begin implementing its trade agreement with the United States starting Wednesday, July 1, 2026, meeting a July 4 deadline set by former President Donald Trump. Under the deal, the EU will impose a 15 percent tariff on most of its exports to the United States, while US industrial goods will enter the 27-nation bloc tariff-free. The agreement also grants preferential access for certain EU seafood and farm products to the US market.

The accord was struck in July 2025 between Trump and EU Commission President Ursula von der Leyen. EU member states gave final approval last week, and the European Parliament approved it earlier this month. Lawmakers added safeguards allowing the European Commission to suspend the pact if the US fails to meet its commitments or disrupts trade, and set an expiry date of end-2029 unless the deal is renewed.

The deal comes after Trump previously threatened a 100 percent tariff on countries that impose a digital services tax—a move that could affect Nigeria, which introduced a digital services tax in 2020. For Nigerian exporters, shifts in EU-US tariffs may influence global commodity prices and shipping costs, particularly for agricultural goods destined for either market.

How might these shifting EU-US trade rules affect your business plans or investment decisions?

SOURCE: https://www.channelstv.com/2026/06/30/eu-to-implement-trade-deal-with-us-starting-june-4/