A week after EU diplomats and lawmakers We have a dealTo eliminate EU taxes on most US industrial products under the EU-US trade agreement, EU ambassadors gave the green light to an agreement with the European Parliament on Wednesday, paving the way for the full agreement to be formally adopted by the EU Council.
The procedural move came as ’ pressured Europeans to implement the EU-U.S. deal, which was finalized last summer by U.S. President Donald Trump and European Commission President Ursula von der Leyen after weeks of trade tensions.
Trump has threatened to impose 25 percent tariffs on EU vehicles if the deal is not implemented by the EU by July 4, ’.
On their side, MEPs still need to formally ratify the agreement reached on the EU side, and a provisional vote is scheduled for the general assembly meeting between 15 and 18 June in .
A spokesperson for the Cyprus Presidency, ’, who is negotiating with members of the European Parliament on behalf of EU member states, said that the agreement we reached with the European Parliament marks an important step in fulfilling AB“'s commitments.
In order to protect the interests of “ enterprises and economic operators, added that ” solid guarantees were included in the “ agreement.
Considered disproportionate by many members of the European Parliament, the agreement states that AB’ will face U.S. tariffs of 15% while removing its own taxes on U.S. goods.
But after Trump ’ threatened to impose new tariffs in violation of the agreement, EU lawmakers forced member states to add conditions such as a ’ update, which would terminate the agreement on December 31, 2029, if it was not renewed.
According to the agreement reached last week, the Commission may suspend the trade agreement at the request of Parliament or a member state if the US ’ does not lift customs duties on European steel and aluminum products by the end of 2026.
