The EU is expected to agree to a 10% uniform tariff on imports from the United States.

16/06/2025

The EU is considering agreeing to a plan to impose a unified 10% tariff with the United States to avoid higher tariffs on pharmaceuticals, electronics, and automobiles.

According to German media reports, the EU is reportedly considering agreeing to a proposal to impose a unified 10% tariff with the United States to avoid higher tariffs on drugs, electronic products, and cars. The report states that the EU is planning to significantly reduce tariffs on American-made cars and is studying the elimination of technical and legal barriers to simplify the process of selling American cars in Europe. In May, US President Trump decided to postpone the originally planned 50% tariff on the EU until July 9th, giving both sides more time to continue negotiations. European Commission President von der Leyen previously stated: "Europe is ready to quickly and decisively advance negotiations, but to reach an ideal agreement, we need to make full use of the negotiation window until July 9th." European stock markets are generally rising, as investors are temporarily holding off on safe-haven operations.

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The Hong Kong dollar interbank interest rates have almost all dropped, with overnight rates falling to 0.01967%.

JLL: Hong Kong Grade A office market continues to improve in May, with vacancy rate dropping.