Tag is: To make a deal

The European Commission said on Wednesday that the new U.S. tariff The threats areClaiming that EU legislation was robust enough to ban such products, products linked to forced labour were found to be “ unfair”.

The move comes as AB’ prepares to implement the contentious trade agreement reached between US President Donald Trump and European Commission President Ursula von der Leyen last summer in Turnberry, Scotland.

Criticised by some members of the European Parliament as unbalanced, the agreement imposes 15 percent US tariffs on EU goods, while the EU will lift its own taxes on US industrial products. EU lawmakers will vote on the agreement on June 16, ’.

But on Tuesday, the US administration proposed new tariffs of 10’ percent to some of its trading partners, including the European Union, citing inadequate efforts to curb trade in goods produced using forced labor as damaging US ’'s business interests.

The proposed 10 percent U.S. tariffs will rise above current most favoured country taxes and raise average tariff levels above the 15 percent ’ ceiling set in the EU-U.S. agreement.

“Agreement is a deal”

Following the announcement of the new tariffs, Commission vice-president Olof Gill said in a statement that the “Commission will carefully analyze the preliminary findings of the investigation, but ”AB“ found the tariffs imposed on these grounds unfair, ’ said.

The investigation comes after the U.S. Supreme Court ruled in February that Trump’ overstepped its authority by using the International Emergency Economic Powers Act (IEEPA) to impose far-reaching duties on trading partners under the ’'s Trade Act of 1974, a legal instrument that could provide the administration with an alternative basis for imposing customs duties under the ’ 301. It was started within the scope of the article.

German MP Bernd Lange (S&D), the European Parliament's chief negotiator on the implementation of ’'s Turnberry agreement, wrote that after ’'s defeat before the “ Supreme Court, the US administration was desperately seeking new legal grounds for ” to continue its “ tariff policy.

It is absurd to accuse “AB’ of not taking adequate measures against forced labor. The EU has adopted the world's strictest rules against forced-labor products, ” said.

In accordance with a regulation adopted in 2024, the EU prohibits the sale, import and export of products made by forced labor; Gill describes the law as “, one of the most ambitious instruments of its kind globally.

Referring to the Turnberry agreement, “ added that the agreement is the ” agreement.

On the “AB side, we are on track to ensure that our Joint Statement tariff commitments are implemented by the end of June. USAWe expect ’ to fully comply with the terms of the Joint Statement.”

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.