The United States has replaced its previous 10% blanket tariffs with a new, more targeted set of trade measures, a move that has largely spared the European Union from the severe economic disruption many had feared.
The new tariffs, announced late Thursday US time, replace the universal levies that expired overnight into Friday.
Unlike the previous broad-based approach, the updated framework appears calibrated to align with the commercial agreement signed between Brussels and Washington last year, according to Handelsblatt.
European markets responded positively to the news, with risk assets stabilizing as the immediate threat of a full-scale transatlantic trade war receded.
The repricing reflects a shift in investor sentiment from defensive positioning to cautious relief, particularly in sectors that had been heavily discounted on the back of potential US import barriers.
The absence of a broader escalation in trade tensions has removed a significant overhang for European exporters and multinational corporations with deep supply chain ties to the US.