EU Removes Tariffs From US Goods
MEPs backed the pact by 440 to 151, adding safety clauses, a sunset clause and tariff safeguards for EU firms.
- On Tuesday, the European Parliament approved a trade pact with the United States by a 440 to 151 vote, cutting import duties on US goods while capping tariffs on EU exports at 15 percent.
- Commission President Ursula von der Leyen signed the agreement at Donald Trump's Turnberry golf club in Scotland after months of fraught negotiations driven by Trump's 'America First' agenda.
- Trade committee chair Bernd Lange called the deal "unbalanced and unfair" but a necessary "safety net," noting MEPs insisted on protective measures to shield European businesses from future tariff changes.
- Industry groups welcomed the market stability, while Agustín Reyna, director general of BEUC, said the deal helps "prevent a tariff war" and provides price stability amid high living costs.
- The agreement includes a July 2029 sunset clause terminating the deal, with provisions allowing the Commission to suspend preferences if the US applies tariffs exceeding 15 percent on steel derivatives.
38 Articles
38 Articles
Irish Independent
luxtimes.luEU lawmakers approve US trade deal ahead of Trump deadline
EU removes tariffs from US goods
The European Parliament approved its trade deal with the US, agreeing to reduce tariffs on industrial and agricultural goods. Washington agreed to cap its own tariffs. The deal was agreed last year, but votes were postponed after US President Donald Trump threatened to annex Greenland, leading parliamentarians to demand extra safeguards. The delays have frustrated Trump, who threatened tariff hikes if a deal wasn’t made soon, but Brussels no lon…
On Tuesday 16 June, in Strasbourg, a large majority of MEPs gave in to Donald Trump's blackmail by voting on an unbalanced text, the suspension clauses of which were weakened during the last negotiations with the Member States and the Commission.
MEPs pass EU‑US trade deal with Trump, while warning it is ‘unbalanced and unfair’
MEPs on Tuesday passed legislation for a three-year trade deal with the United States. But they have successfully tacked on a series of safeguard mechanisms should the Trump administration backtrack on its tariff promises.
The European Parliament has cleared the way for the full implementation of the controversial customs agreement with the US. Members of Parliament voted by a large majority in Strasbourg to abolish tariffs on US industrial goods and to provide US seafood and agricultural products with better market access, but with a safety net.
After almost a year of negotiations, the EU Parliament agrees to a trade deal with the USA. Is the dispute over now? It doesn't look like that. Because between the two regions of the world it's a long time ago about more than about tariffs.
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