The European Parliament has backed legislation to implement an EU-US trade deal, following months of uncertainty over President Donald Trump's tariff threats. A majority of lawmakers voted in favour of the measures on Thursday, but added a series of safeguards to ensure the US honours its side of the deal struck last July. The legislation would set tariffs at 15% for most EU goods - down from the 30% initially threatened - in exchange for European investment in the US and the removal of EU import duties on US industrial goods. The vote, which passed with 417 votes in favor, 154 against, and 71 abstentions, represents a critical step forward in the trade relationship between the two economic powerhouses. Before the deal can be fully implemented, it requires unanimous approval from all 27 EU member states, with a final vote anticipated in April or May.
EU Parliament Approves Conditional EU-US Trade Deal
EU Parliament Approves Conditional EU-US Trade Deal
The European Parliament has voted in favor of a trade deal with the US, establishing tariffs at 15% on most goods while ensuring US compliance with its commitments.
In a significant move, the European Parliament has conditionally approved a trade deal with the US, allowing tariffs on most EU goods to be set at 15%. This decision came after months of uncertainty amid President Trump's tariff threats. Lawmakers included safeguards to ensure that the US adheres to the agreement struck last July, including provisions to suspend the deal if the US imposes additional tariffs. The vote, which passed by 417 to 154, marks a crucial step in transatlantic trade relations.
