EU Member States Approve US Trade Deal With 15% Tariff Ceiling Ahead of Trump Deadline
Updated
Updated · Bloomberg · Jun 25
EU Member States Approve US Trade Deal With 15% Tariff Ceiling Ahead of Trump Deadline
2 articles · Updated · Bloomberg · Jun 25
Summary
EU member states gave final approval on Thursday to the bloc’s trade deal with the United States, clearing the way for it to take effect before a Trump deadline.
Nearly a year of halting ratification talks had threatened to derail the arrangement, but governments backed the pact to preserve some stability amid ongoing economic tensions.
Under the deal, the EU will remove levies on US industrial goods and some agricultural products in exchange for a 15% ceiling on tariffs applied to EU exports to the US.