EU governments clear US trade deal legislation: Report
The deal removes duties on most U.S. industrial goods and adds safeguards for European producers as MEPs prepare a final vote next month.
- On Wednesday, European Union ambassadors greenlit legislation implementing the EU-US trade pact, clearing the path for formal adoption by the EU Council.
- Negotiators included a dedicated safeguard mechanism and Commission suspension power, allowing the bloc to halt the deal if the United States fails to lift steel and aluminium tariffs by the end of 2026.
- The regulation eliminates duties on most United States industrial goods while granting preferential market access for seafood and non-sensitive agricultural products, balancing trade benefits with protections for European businesses.
- Members of the European Parliament must still formally endorse the agreement, with a tentative vote scheduled between 15 and 18 June; many MEPs argue the deal is lopsided, as the EU faces 15 percent US tariffs.
- Facing President Donald Trump's repeated threats of 25 percent tariffs on cars, lawmakers mandated a sunset clause terminating the agreement on December 31, 2029, unless the pact is renewed.
15 Articles
15 Articles
EU countries back EU-US deal, paving the way for its final adoption
The controversial deal still requires formal approval by the EU member states and the European Parliament. Under terms agreed last week by MEPs and EU lawmakers, the agreement will end in 31 December 2029 if not renewed.
The states of the European Union have agreed to the abolition of import duties on numerous US goods. US President Trump had set a deadline of 4 July.
EU governments clear US trade deal legislation, says EU source
European Union governments cleared on Wednesday legislation to remove import duties on many U.S. goods, an EU source with knowledge of their meeting said, a move that should avert U.S. President Donald Trump's threat of higher tariffs on EU cars and other products.
Times of India
The Economic TimesEU governments clear US trade deal legislation: Source
European Union governments have approved removing import duties on many United States goods. This move aims to prevent United States President Donald Trump from imposing higher tariffs on European cars and other products. The decision follows a July agreement where the EU committed to reducing duties on U.S. industrial items and offering better access for U.S. farm and seafood.
EU countries approve final settlement to implement US trade agreement
The EU member states, all 27 states, officially approved on Wednesday a settlement reached with the European Parliament to implement the trade agreement with the US, leaving only the final ratification by European lawmakers before the agreement can enter into force. The agreement, reached last July, set a ceiling of 15 percent on US tariffs for most European goods. However, the European Union has not yet fulfilled its commitment to eliminate tar…
Coverage Details
Bias Distribution
- 80% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
