EU Parliament seals transatlantic trade deal, locking in tariff cuts
The European Parliament approved legislation to implement the EU–US trade deal, finalizing tariff removals on most U.S. industrial goods and some European agricultural products after months of delay amid political pressure. The 440-151-50 vote allows the pact to move toward final approval by the Council (expected June 26) and publication in the Official Journal. The agreement includes safeguards: Parliament can suspend if Washington fails to lower steel and aluminum duties by end-2026, and EU tariff concessions expire at the end of 2029, after which the deal’s fate could hinge on political timelines around President Trump’s tenure.
