U.S. President Donald Trump's recent executive order only sets out his so-called "reciprocal" tariff for the EU at 15% and does not apply to cars and other agreed carve-outs, EU officials said on Friday,

A European Commission spokesman in Brussels declined to comment Friday on the apparent delayed entry into force of new US tariffs on imports from the European Union. He merely referred to a message posted on social networks by EU Trade Commissioner Maroš Šefčovič,

World shares have retreated after President Donald Trump issued a new set of import duties that will apply to dozens of countries as of Aug. 7.