EU – US Joint Statement: Implications on Tariffs Applied to European Products

On 21 August 2025, the United States and the European Union issued a Joint Statement outlining a political agreement on “reciprocal, fair and balanced trade.” While non-binding, the statement introduces important changes to tariff structures and regulatory priorities – with direct impact on European exporters.

In a new legal briefing, our professionals Filippo Maria Federici, Simone Gaggero and Paolo Gallarati from ADVANT Nctm, together with Prof. Dr Rainer Bierwagen and Prof. Dr Hans-Josef Vogel from ADVANT Beiten and Morgane Gandaubert and Marie Hindré from ADVANT Altana, examine the implications of this evolving framework – including:

• A new 15% tariff benchmark for most EU products
• Sector-specific exclusions (e.g. aircraft parts, generics) and pending arrangements on steel and aluminium
• The scrapping of the $800 de-minimis rule and its consequences for direct sales
• Diverging national reactions from France, Germany, Italy, and Spain
• Legal guidance on contractual risk mitigation for EU companies exporting to the US

Read the full analysis here.