The European Union still expects some turbulence in trade relations with the United States, but it believes it has a good insurance policy in the agreement from July 27 to cover most goods it exports to the US by a maximum 15 percent tariff, an EU official said on Tuesday.



“We do expect further turbulence, but we have a clear insurance policy -- the 15 percent tariff across the board. If the US administration does not stick to that, we have the means to react to that,” the official said.

“The situation requires management, we have not solved everything in one go, but we have a solid foundation, we have changed fundamentally the approach with the US. Others are in a far worse position,” the official said.