EU seals path to US trade pact amid cautious optimism

1 min read
Source: politico.eu
EU seals path to US trade pact amid cautious optimism
Photo: politico.eu
TL;DR Summary

European leaders clinched a compromise to implement the Turnberry trade pact with the United States, after hours of talks, setting up a final vote in the European Parliament for mid-June. The deal lowers some EU tariffs on U.S. goods while keeping most U.S. tariffs on European exports capped at 15%, a step many leaders herald as stabilizing transatlantic trade, though some lawmakers remain cautious about the terms and U.S. acceptance.

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