EU Paves Way to Finalise US Trade Deal and Avoid Trump Tariff Hike
The agreement would remove duties on U.S. industrial goods, food and seafood as the EU seeks to avoid higher U.S. tariffs, officials said.
- On Wednesday, the European Union struck a provisional agreement to remove import duties on U.S. goods, advancing a trade deal intended to stabilize the world's largest trading relationship and avert higher tariffs.
- Stemming from a July accord struck at President Donald Trump's Turnberry resort in Scotland, the legislation addresses Trump's goal to reduce the $200 billion trade deficit while the U.S. currently imposes 15% tariffs on most European goods.
- The European Commission can suspend tariff preferences by year-end if the U.S. maintains levies exceeding 15% on steel and aluminum "derivative" products like wind turbines and refrigerators, while the bloc targets Trump's July 4 deadline.
- Zeljana Zovko, the lead trade negotiator in the European People's Party, said the deal avoids "damaging escalation of transatlantic trade tensions," with a final European Parliament vote expected in mid-June.
- The agreement brings calm to a $2 trillion annual exchange of goods and services, marking a milestone after legislative pauses triggered by U.S. threats to impose tariffs on European allies over unrelated disputes.
11 Articles
11 Articles
The Press of Atlantic City
EU strikes deal with US on trade, tariffs
BRUSSELS — The European Union struck a provisional agreement Wednesday on legislation to remove import duties on U.S. goods, a key part of a trade deal reached with Washington in July that could stave off higher U.S. tariffs on EU…
Tulsa World
EU strikes a deal with US on trade and tariffs
BRUSSELS — The European Union struck a provisional agreement Wednesday on legislation to remove import duties on U.S. goods, a key part of a trade deal reached with Washington in July that could stave off higher U.S. tariffs on EU…
EU paves way to finalise US trade deal and avoid Trump tariff hike
KLARTEXT The knee fall before the US. Second Act Soon after a year, the US and the EU agreed in the month-long customs dispute. On the night of Wednesday, the EU has now reached an internal agreement on a law abolishing import duties on US goods. The first ActThe US and the EU announced a fundamental agreement in the month-long customs dispute in July 2025. The Atlantic trade war was settled. The US would in future impose basic tariffs of 15% on…
As agreed with US President Donald Trump, tariffs on U.S. industrial goods will be abolished, with MEPs and country representatives now agreeing in Strasbourg.
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