EC: US tariffs affect over 70 per cent of all EU exports

US tariffs affect over 70% of all EU exports worth €380bn, European Commissioner for Trade Maroš Šefčovič said.

He said this during a press conference after an informal EU ministerial meeting.

‘Tariffs affect exports worth €380bn, which means we are saying that more than 70% of all exports face tariffs of 20, 25% or even higher,’ TASS quoted Šefčovič as saying.

Earlier, the head of the European Commission Ursula von der Leyen confirmed her readiness to continue negotiations with the United States on duties.