World risk · Trade, tariffs and sanctions · US trade & foreign policy

The US lifts its general tariff on EU goods above 15%

The test Between 26 Oct 2026 and 25 Oct 2027, the US puts in force a tariff not under Section 232 that raises the total duty, MFN included, on most EU goods above 15%.

Not under way · Confidence: medium · Reviewed 25 Oct 2026 · Scores from 1 to 10

This page answers: What could happen, how it is scored, and who is exposed?

Using this page
  1. Read the two scores: Likelihood and Impact are kept apart.
  2. Check what is happening, each fact with its source.
  3. Use the calendar for the dates to watch.

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Likelihood
4Elevated steady this month
Impact
5Elevated steady this month
Breadth6
Depth4
Duration6
Hard to substitute5
Canada pointNot added0

Impact is the average of the four parts, rounded, plus one point when Canada is directly hit on two or more channels, up to 10.

Two separate scales from 1 to 10. Strature never multiplies or merges them.

What changed

Dated, newest first

  1. No determination in the excess-capacity cases among USTR Federal Register documents to 26 Oct 2026 [11]
  2. Section 122 surcharge of 10% expired 24 Jul 2026; EU rebalancing duties suspended until 6 Feb 2027; Turnberry concessions apply 1 Jul 2026 to 31 Dec 2029 [2]
  3. 666 US tariff lines carry a 50% Section 338 duty on products of Canada since 22 Aug 2026 [13]

Why it matters

Since 24 Jul 2026 most EU goods have paid a US duty of 10% in total, MFN included, under a Section 301 forced-labour action. That is below the 15% both sides set in their August 2025 framework, which rested on tariffs since ended. A second, open Section 301 case on excess capacity names the EU, and the President promised a substantial tariff over EU digital fines on 24 Jul 2026; either could take the rate above 15%.

Why Likelihood 4 Pushes: the open excess-capacity case naming the EU with a decision generally due within 12 months, the President's promise of a substantial tariff on 24 Jul 2026 (two news reports), the German drug case, a US$220bn deficit.

Why Impact 5 Key flow US goods imports from the EU.

The other facts on file (10)
  • Section 301 duty on EU goods tops MFN up to 10% in total; zero where MFN is 10% or more; from 24 Jul 2026; Section 232 goods excluded [1] (28 Jul 2026)
  • EU and Taiwan pay 10% including MFN; Canada, Mexico, the UK and 14 others pay a flat 10% on top of MFN; Japan, South Korea and Switzerland pay 12.5% including MFN [1] (28 Jul 2026)
  • Aug 2025 framework: higher of MFN or 15%, MFN included [3] (21 Aug 2025)
  • EO 14389 of 20 Feb 2026 ended additional IEEPA duties [4] (20 Feb 2026)
  • Excess-capacity Section 301 investigations opened 11 Mar 2026 on 16 economies including the EU; hearings set for 5 May 2026; EU surplus with the US US$237bn in 2024 [5] (17 Mar 2026)
  • USTR generally decides within 12 months in cases not under a trade agreement [6] (13 Mar 2026)
  • Section 301 case on Germany's pharmaceutical pricing opened 18 Jun 2026 [8] (24 Jun 2026)
  • President said on 24 Jul 2026 that USTR would open a case on EU tech fines and he expected a substantial tariff [9] (24 Jul 2026)
  • News report quotes his post: a substantial tariff on the EU at the earliest possible moment, through a USTR Section 301 case [12] (27 Jul 2026)
  • US goods imports from the EU US$632.9bn in 2025; deficit US$220.3bn [7] (2026)

Where it sits

11. The US lifts its general tariff on EU goods above 15%: Elevated impact · possible1 · Elevated impact · possibleOttawaMexico CityCANADAMEXICOUNITED STATESPACIFIC OCEANATLANTIC OCEANGULF OF MEXICO01000 kmat 40°NMap data: Natural Earth (public domain).
11. The US lifts its general tariff on EU goods above 15%: Elevated impact · possibleWashingtonCANADAMEXICOUNITED STATESGULF OF MEXICO0500 kmat 40°NMap data: Natural Earth (public domain).

How it spreads

If

Between 26 Oct 2026 and 25 Oct 2027, the US puts in force a tariff not under Section 232 that raises the total duty, MFN included, on most EU goods above 15%.

Not under way

Channels 4 on the card

  1. CanadaCanadian goods pay a flat 10% on top of MFN [1], and 666 lines a 50% Section 338 duty [13]; a possible gain on some lines (Strature's view), no Canadian loss sourced.
  2. EU exportersGoods outside Section 232 would pay more than 15% instead of 10% [1].
  3. EU responseSuspended rebalancing duties could return after 6 Feb 2027 [2]; Turnberry cuts could be reversed [2].
  4. Supply chainsUS buyers could move some orders to suppliers whose rate stays below the EU's, such as Japan, South Korea and Switzerland at 12.5% including MFN [1] (Strature's view; not sized).

Who is exposed

Three scenarios and their signposts

  1. S1

    10% holds

    The excess-capacity case ends without a new EU duty.

  2. S2

    Excess-capacity tariff

    USTR finds the EU's practices actionable and adds a duty that takes the total above 15%.

  3. S3

    Digital trigger

    A Section 301 case on EU digital rules opens after a new fine and ends in a tariff.

The signposts of each scenario
PathSignpost
S1A further EU suspension before 6 Feb 2027
S2A determination notice in the Federal Register, generally due by about March 2027
S3A Federal Register initiation notice naming the DMA or DSA

No probability is given for the three paths.

Dates to watch

Calendar

The dates to watch

A dot is a day, a bar a month or a year; a hollow mark is tentative. The line marks today.

  1. 6 Feb 2027 EU rebalancing duties on US goods: suspension ends unless extended [2] Declared · Outside event

    Remind me

  2. Mar 2027 Excess-capacity Section 301 cases: determination generally due within 12 months of 11 Mar 2026 [6] Tentative · Outside event

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SourceStrature world-risk card; the dates cite the sources below.
Exhibit R-3 · WORLD · strature.net

The other side

Suppliers whose US rate stays below the EU's could win US market share on some lines (Strature's view). Pressure could also speed a written agreement that locks in lower rates.

Connected in Strature

Sources

12 sources, numbered as the text cites them

  1. Notice of Actions in Section 301 Investigations... Forced Labor (2026-15181). USTR, Federal Register · 28 Jul 2026 · Official · confidence high · retrieved 26 Oct 2026
  2. US tariffs: US and EU tariff measures in force. French customs (DGDDI) · 20 Oct 2026 · Official · confidence high · retrieved 26 Oct 2026
  3. Joint Statement on a United States-European Union Framework on an Agreement on Reciprocal, Fair and Balanced Trade. The White House · 21 Aug 2025 · Official · confidence high · retrieved 26 Oct 2026
  4. Ending Certain Tariff Actions (Executive Order 14389). Federal Register · 20 Feb 2026 · Official · confidence high · retrieved 26 Oct 2026
  5. Initiation of Section 301 Investigations: Structural Excess Capacity and Production in Manufacturing Sectors (2026-05214). USTR, Federal Register · 17 Mar 2026 · Official · confidence high · retrieved 26 Oct 2026
  6. Section 301 of the Trade Act of 1974 (IF11346). Congressional Research Service · 13 Mar 2026 · Official · confidence high · retrieved 26 Oct 2026
  7. Trade in goods with European Union. US Census Bureau · 2026 · Official · confidence high · retrieved 26 Oct 2026
  8. Initiation of Section 301 Investigation: Germany's Persistent Underpayment for Innovative Pharmaceutical Products (2026-12671). USTR, Federal Register · 24 Jun 2026 · Official · confidence high · retrieved 26 Oct 2026
  9. Trump promises new Section 301 probe and tariffs over EU's digital fines. Inside US Trade · 24 Jul 2026 · News · confidence medium · retrieved 26 Oct 2026
  10. Federal Register search: USTR documents with the term Section 301, published from 1 Mar 2026. Federal Register API · 26 Oct 2026 · Official · confidence high · retrieved 26 Oct 2026
  11. Trump targets EU over Google fine, putting trade deal at risk. The National News Desk (KATV) · 27 Jul 2026 · News · confidence medium · retrieved 26 Oct 2026
  12. Harmonized Tariff Schedule of the United States, Revision 20, chapter 99 note 51 (Section 338 duty on products of Canada). USITC · 30 Sep 2026 · Official · confidence high · retrieved 26 Oct 2026

Reviewed 25 Oct 2026 · version 1 · last change: reviewed · All risks