The EU and the U.S. are reportedly nearing a trade agreement that would impose a 15% tariff on most imports, including potentially cars and pharmaceuticals, Bloomberg News reported, citing diplomats. The proposed rate mirrors a similar deal the U.S. reached with Japan. While EU Commission officials briefed member states on the negotiations, any final decision would rest with U.S. President Donald Trump. The 15% tariff would not be added to existing U.S. duties, which average just under 5%. Certain sectors—such as aircraft, lumber, some medicines, and agricultural goods - may be exempt. Meanwhile, the EU is preparing a counter-tariff package targeting EUR 93 billion worth of U.S. goods, with a member vote expected Thursday. Any measures would take effect no earlier than August 7.