EU: The 15% tariff cap will still apply to chip exports to the United States

According to a report by Golden Finance, the European Union has stated that even if President Trump announces new tariffs on semiconductors entering the United States, the tariff ceiling for exporting chips from the EU to the United States will still be 15%. EU spokesperson Olof Gill said on Thursday that Washington has promised that a 15% tariff cap will apply to the EU's semiconductor exports, regardless of any tariffs imposed by the US on other exporters. He said, "We look forward to the United States fulfilling this commitment