EU Races to Finalize U.S. Trade Deal to Avoid More Trump Tariffs
Negotiators are trying to settle disputed safeguards and amendment language as Trump threatens higher tariffs on European goods if the pact is not approved.
- Negotiators from the European Parliament and member states meet Tuesday night in Strasbourg to finalize a trade deal, aiming to avert President Donald Trump's threatened tariff hikes before his July 4 deadline.
- The 27-nation bloc struck a 1.68 trillion euro trade accord with Washington last July, but final implementation remains stalled due to unresolved disputes over text details and U.S. tariff threats.
- Parliament is debating protective measures, including a 'Sunrise Clause' to stall implementation until Washington drops steel duties and a 'Sunset Clause' expiring in 2028, alongside a 'Greenland Clause' regarding territorial integrity.
- Parliament's trade committee head Bernd Lange remains optimistic about reaching a compromise, though Socialist lawmaker Kathleen Van Brempt insists on safeguards "to guarantee stability, predictability and protection for European businesses and workers."
- Trump has vowed to raise duties on European cars and trucks from 15% to 25% if the accord isn't finished, meaning failure to reach a compromise tonight could invite "much higher" tariffs.
59 Articles
59 Articles
Washington presents an ultimatum - and Brussels delivers: The EU is pouring its customs deal with Trump into a legal text. But it has it in itself: many reinsurances and clauses are supposed to protect Europeans from Trump's whims. Hope is that it doesn't look too closely.
The pact grants preferential market access to US industrial goods and reduces tariffs for non-sensitive marine and agricultural products Airbus will open in Seville a conversion center of the tanker A330 MRTT
The European Parliament and the governments of the EU countries reached a compromise last night regarding the trade agreement with the United States concluded ten months ago. Trump had again threatened to raise import tariffs if the EU did not honor the agreements made with the Americans by July 4. Now that an agreement has been reached, the EU appears likely to meet that deadline. The European Parliament wanted to include additional clauses in …
ledauphine.com
MEPs and EU Member States reached a provisional agreement this Wednesday to implement the trade agreement concluded last summer with the United States. Donald Trump threatens the EU with new tariffs if ratification of this agreement does not take place before 4 July.
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