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EU Lawmakers Approve US Trade Deal After Several Delays

Jorge Valero
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EU lawmakers approved a landmark US trade deal on Thursday after prolonged delays, removing a major hurdle for the transatlantic agreement despite unresolved tariff disputes. The pact eliminates tariffs on US industrial goods entering Europe while capping most EU product tariffs at 15%, aiming to boost bilateral trade amid economic tensions. European Parliament’s vote follows persistent calls for Washington to clarify plans to reduce a 50% duty on hundreds of EU products, a sticking point since negotiations began. The deal, delayed by political and economic friction, marks a rare breakthrough in US-EU trade relations under shifting global trade policies and geopolitical pressures. Uncertainty remains over Washington’s tariff commitments, but the approval signals progress in easing trade barriers between the two largest economies.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Trump’s Tariffs:Europeans want the US to clarify how it how intends to lower a 50% duty for hundreds of products.European Union lawmakers finally approved a trade deal with the US, clearing a key obstacle for the long-delayed agreement despite lingering uncertainty about Washington’s tariffs.The European Parliament voted in favor of the deal on Thursday. The pact would erase tariffs on US industrial goods, while setting a 15% tariff ceiling for most EU products.

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