<h1>US to impose 15% tariff on most EU exports despite pending detailed agreement and ongoing exemption talks</h1> The European Union anticipates the United States will impose a 15 percent tariff on most EU exports starting Friday, despite the absence of a finalized joint statement detailing the agreement's terms. The political agreement reached covers tariffs on approximately two-thirds of EU goods, valued at around 380 billion euros, with exemptions for strategic items such as aircraft, certain chemicals, and some pharmaceuticals. The EU expects the US to honor both the tariff ceiling and agreed exemptions. While European wine and spirits will initially face the 15 percent tariff, further negotiations on exemptions are ongoing. Prior to the agreement, the US had threatened 30 percent tariffs, which the EU warned would severely disrupt trade. The EU prepared retaliatory tariffs set for August 7 but plans to suspend these if the deal proceeds as intended.