US EditionPublished • loading... • Updated
EU members seek safeguards in US tariff deal to protect industry
EU states approved tariff cuts on US goods with safeguards to protect industry, including suspension and import surge clauses, while finalizing the deal by next spring.
- On Friday, EU envoys endorsed the European Commission proposal to scrap tariffs, clearing the way to implement the joint trade statement agreed with Washington in August, with the 27 member states largely backing the deal by majority.
- Debating implementation, member states considered and then set aside a `sunset clause` to avoid antagonising the Trump administration, while Germany opposed it fearing retaliation and the European Commission added a safeguard clause mirroring Mercosur measures.
- Quotas set include 25,000 tonnes for pork, 3,000 for bison and 10,000 each for cheese and milk, while certain seeds, fruit juice and vegetables enter duty-free without limits and fertiliser categories gain unrestricted access.
- MEPs on the international trade committee will debate the proposal next week, as only the European Parliament needs to approve its position before Council talks can begin, while Jamieson Greer, US trade chief, urged fast-tracking during a recent U.S. delegation to Brussels visit.
- Inside the Commission, officials warned that unravelling the agreement could trigger escalation and amplify a trade war, while critics called the deal humiliating and the Commission defended it against President Donald Trump's stance.
Insights by Ground AI
17 Articles
17 Articles
EU members seek safeguards in US tariff deal to protect industry - Profit by Pakistan Today
Under the end-July deal, the U.S. applies a broad 15% import tax on EU goods as the EU moves to lift many duties on American products, pending approval from the European Parliament and member states.
·Pakistan
Read Full Article
EU members seek safeguards in US tariff deal to protect industry
European Union governments want to put in place safeguards and a review clause in the tariff deal the bloc struck with the United States, to counter concerns that a possible surge of U.S. imports could damage EU industry.
·United Kingdom
Read Full Article
EU member states back the Commission and agree to cut US tariffs
The 27 back the Commission's deal, but the European Parliament is preparing for a fight to change the terms considered unfair after Trump tripled tariffs on the EU while Brussels reduced duties to zero for the US.
·France
Read Full ArticleCoverage Details
Total News Sources17
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
Factuality
To view factuality data please Upgrade to Premium
