The United States is keeping tariff caps in place with the EU and Japan for now, but adherence to the Turnberry 15% EU-US framework and any manufacturing-led tariff increases remain key risks.
Šefčovič called for the EU-US trade deal to adhere to the 15% tariff parameters set at Turnberry, highlighting potential friction over how the framework is interpreted or implemented. The United States is currently maintaining tariff caps in its trade arrangements with the EU and Japan, preserving near-term stability, but the reports say future manufacturing probes could be used to justify higher duties. Together, the developments frame the issue as a test of whether existing tariff limits hold and whether renewed trade tensions could spill into global markets and tariff-sensitive industries.