EU Lawmakers Approve 0% Tariffs on U.S. Industrial Goods as Many EU Exports Stay Near 15%
Updated
Updated · The New York Times · Jun 16
EU Lawmakers Approve 0% Tariffs on U.S. Industrial Goods as Many EU Exports Stay Near 15%
3 articles · Updated · The New York Times · Jun 16
Summary
440 lawmakers backed the pact, moving the EU to zero tariffs on U.S. industrial goods including machinery, car parts and lobster, with cuts also planned for some American farm products.
The vote came under a July 4 deadline after Donald Trump warned Europe faced much higher tariffs if the long-delayed deal was not finalized.
EU member states still must give final approval, but Tuesday’s vote effectively completes the hardest part of a yearlong ratification process.
Many European goods shipped to the U.S. will still face tariffs of about 15%, and parts of the deal can be suspended if Washington fails to uphold its side; some provisions expire after 2029.
The agreement, struck last summer at Turnberry, had been delayed by Trump’s Greenland threats, a U.S. Supreme Court ruling against many tariffs, and fresh threats of 100% duties on French wine and Champagne.