The European Union (EU) has reached a provisional agreement on legislation to remove import duties on United States goods, advancing a trade framework linked to a deal struck last July at Donald Trump’s Turnberry resort in Scotland.
The move aims to implement commitments designed to stabilise EU–US trade relations and reduce the risk of higher tariffs on European exports.
Under the framework, the EU will remove tariffs on US industrial goods and grant preferential access for agricultural and seafood products, while the US applies 15% tariffs on most EU goods, with safeguards included.
European Commission President Ursula von der Leyen welcomed the agreement, urging swift finalisation to ensure “stable and predictable” transatlantic trade.
Trump has said he would impose much higher tariffs on EU goods including cars if the European Union did not implement its trade deal commitments by July 4, having earlier threatened to raise tariffs on EU car imports to 25% from the current 15%.
ℹ️ Reuters
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