EU expects to be exempt from US universal tariff boost to 15%, Bloomberg News reports

March 4 (Reuters) - The European Union expects to be exempted from the new U.S. global import tariffs of 15% and has received assurances that the U.S. would maintain a 10% tariff rate on the bloc, Bloomberg News reported on Wednesday, citing people familiar with the matter.

U.S. Treasury Secretary Scott Bessent said on Wednesday that an increase in President Donald Trump's new temporary global import tariff to 15% from 10% was likely to be implemented sometime this week.

Reuters could not immediately verify the report.