EU insists trade deal with US must honor 15% tariff limit in World Economy News 05/06/2026 The European Union maintains that any trade agreement with the United States must adhere to the terms established in Turnberry, Scotland, which sets a 15% all-inclusive tariff ceiling, EU Trade Commissioner Maros Sefcovic said Thursday following an OECD ministerial meeting. “This is absolutely crucial for us that at the end of the process we would end up well within the Turnberry parameters. And for us this is 15% all inclusive,” Sefcovic told reporters. The statement follows a proposal from the Trump administration to impose tariffs as high as 12.5% on imports from 60 countries, including the EU, based on findings that these nations had not reduced trade in goods produced with forced labor. The EU has rejected this claim. Sefcovic expressed confidence that members of the European Parliament would approve the agreement. “I believe that the European Parliamentarians will approve Turnberry agreement with US: ’A deal is a deal,’” he said. Source: Investing.com 2026-06-05 hellenicshippingnews... tweet Share