EU governments adopt legislation to fulfil EU side of US trade deal
The regulations remove EU tariffs on U.S. industrial goods and extend lobster duty suspensions, while adding safeguards against import surges.
- EU member states approved legislation to implement a one-year-old tariff deal with the United States, allowing it to take effect before the July 4 deadline set by President Donald Trump.
- The deal imposes 15% tariffs on most EU exports to the United States and eliminates tariffs on U.S. industrial goods entering the 27-nation EU bloc.
- EU lawmakers introduced safeguards including powers to suspend the agreement if the United States fails to meet its commitments, and set the deal to expire at the end of 2029 unless renewed.
- European Commerce Minister Michael Damianos emphasized that the agreement aims to secure stable and balanced transatlantic trade while protecting EU economic interests, allowing swift response if the deal is violated.
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49 Articles
(Seoul = Yonhap News) Reporter Oh Su-jin = After months of delay, the European Union (EU) [passed] the bill regarding the elimination of tariffs on the United States requested by the Donald Trump administration...
EU Ratifies US Trade Pact, Extends Suspension of $4B in Duties on US Goods in Boeing-Airbus Feud
With the Turnberry Agreement finally finding its footing, a reopening of wounds and the reignition of a contentious trade battle over aircraft subsidies has likely held little appeal for the EU.
EU extends suspension of duties indefinitely in trade dispute between Boeing and Airbus The European Union has indefinitely extended the suspension of duties in a trade dispute with the United States over Boeing and Airbus. Negotiations between parties continue to ensure stability.
The EU Council of Ministers voted to implement the EU-US tariff deal and to further freeze punitive tariffs imposed in the Boeing-Airbus dispute.
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