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2025-07-28 23:28:35
[UBS: The weighted average tariff rate on EU exports to the US will rise to 15.2%] UBS analysts said in a report that the US-EU trade agreement has reduced uncertainty, but there are still concerns about the ambiguity of the agreement. They said that industry investigations into industries such as the semiconductor industry may lead to new tariffs on these industries in two weeks. "We understand that the agreement is a framework agreement and some details remain to be finalized." However, these tariffs have exacerbated the significant deterioration in the EU's export situation. UBS estimates that the weighted average tariff rate currently faced by EU exports to the United States will rise to 15.2% from about 1.5% before April 2. This could lead to a 0.2 to 0.4 percentage point reduction in the eurozone's economic growth rate over the next year. Analysts said the blow could be more severe due to the hit to household and business confidence. (Dow Jones)
