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Turnberry Accord

All articles tagged with #turnberry accord

world12 hours ago•4 min saved

EU Pushes Back Against U.S. 10% Forced-Labor Tariff

The European Commission rejects Washington’s plan to reimpose a 10% tariff on EU goods over alleged gaps in enforcing forced-labor bans, calling the move unjustified even as the U.S. argues Brussels hasn’t fully banished forced-labor imports. The EU notes its own prohibition takes effect in December 2027, while the tariff could jeopardize the Turnberry-truce and upcoming votes; Brussels will study the preliminary findings and continue engaging with Washington as talks proceed at OECD meetings.

via politico.eu|

#eu-us-trade #forced-labor #tariffs

world14 days ago•4 min saved

EU seals path to US trade pact amid cautious optimism

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.

via politico.eu|

#european-parliament #tariffs #trade-agreement

world3 months ago•5 min saved

EU Pauses U.S. Trade Deal Over Trump Tariff Threats

The European Parliament froze ratification of the EU–U.S. trade deal amid concerns that Trump’s latest tariff threats breach the Turnberry accord, delaying a March vote as the U.S. considers a 15% global tariff and as lawmakers push for safeguards on steel and a six‑month review.

via politico.eu|

#eu-us-trade #european-parliament #steel-tariffs