Potato products part of potential EU counter-tariffs
Potato products are in the crosshairs of potential EU counter-tariff plans if a deal is not reached. Learn more details.
Increases included on the list, announced July 25, are:
- seed potatoes, increasing from 4.5% to 34.5%
- fresh potatoes, increasing from 5.8% to 11.5% to 35.8% to 41.5%
- dehydrated potatoes, increasing from 12.2% to 32.2%
- frozen fries, increasing from 14.4% to 44.1%
Escalating tariffs were avoided when a deal was reached over the Aug. 2-3 weekend. Under the announcement, agricultural commodities and a number of other EU products entering the U.S. will receive a flat 15% tariff. This includes frozen fries entering the U.S. and is an increase of 7% over the current 8% duty.
The proposed increases would have been part of EU counter-tariffs on $109 billion worth of U.S. goods that went effect Aug. 7, according to Reuters. The European Commission prepared two sets of counter-tariffs, which would have been combined into one and submitted for approval to EU members.
Trump has threatened to impose a 30% tariff on all imports from the 27-country EU if a deal is not reached by Aug. 1.
Imports from the EU totaled $605 billion in 2024, according to Politico.