European Parliament backs EU‑US trade framework with strict safeguards
RSS News

The European Parliament has approved legislation to put an EU‑US trade framework into effect, but only after adding measures to protect European interests.

Lawmakers insisted on conditions that would force a pause or end the deal if Washington fails to meet its commitments.

MEPs voted 417 in favour, 154 against and 71 abstained. The text still needs formal approval from all 27 EU governments before it becomes law, with a final decision expected in April or May.

Under the agreement, most EU products would face a 15% US tariff, a compromise from earlier threats of much higher duties.

Parliament attached a “sunrise” condition: EU tariff cuts will only take effect if the US reduces its levies to 15% on products that contain less than half steel and aluminium. Lawmakers also wrote in triggers to halt the pact if the US raises tariffs above the agreed level or introduces new duties on EU goods.

Another safeguard would suspend the deal if Washington took actions that undermined EU territorial sovereignty.

A sunset clause limits the arrangement to run until 31 March 2028 unless parties agree otherwise. European officials said they have received assurances from the US about honouring the commitments while warning they will monitor developments closely.

The framework was negotiated last July during talks between European Commission President Ursula von der Leyen and then‑President Donald Trump at his Turnberry golf resort.

At the time, Trump pledged increases in US investment by the EU and larger purchases of American energy and military equipment. The vote follows months of uncertainty sparked by a series of US tariff threats and a US Supreme Court decision that found some previous tariffs unlawful.

Brussels has also been pursuing new trade ties elsewhere, recently agreeing deals with Australia and India as it seeks to diversify.

Trade between the US and EU remains huge: roughly €1.6 trillion in goods and services exchanged in 2024, with goods trade alone close to $976 billion. The two economies are each other’s top trading partners, making the outcome of this deal significant for both sides.

Leave A Comment


Last Visited Articles


Info Board

Visitor Counter
0
 

Todays visit

256 Articles 26 RSS ARTS 15 Photos

Popular News

if (isset($_GET['endless'])) { ?>
Farsi English Norsk RSS
🚀 Welcome to our website! Stay updated with the latest news. 🎉
Farsi English Norsk RSS