European Parliament approves EU-US trade deal, lowering tariffs to zero on EU exports
The European Parliament has approved an EU-US trade deal that removes EU tariffs on American goods exported to Europe and accepts a 15% US levy on goods moving the other way, Deutsche Welle reported. Lawmakers backed the agreement despite fresh trade-war threats from Donald Trump. The deal is a long-awaited stabiliser for transatlantic commerce.
The European Parliament has voted to ratify an EU-US trade agreement that should gradually ease tensions across the Atlantic, Deutsche Welle reported. The deal eliminates EU tariffs on American goods entering the bloc while accepting a 15% US tariff on goods flowing the other way.
The vote came against the backdrop of fresh tariff threats from Donald Trump aimed at European producers. Even so, a majority of MEPs backed the package, arguing that German, French and Italian manufacturers need a predictable trade framework. Carmakers, machinery exporters and pharmaceutical groups are among the main beneficiaries.
The European Commission will now finalise implementation timelines, customs checks and outstanding issues such as digital-services taxation with Washington in the coming weeks. Whether the Trump administration accelerates application on its side will determine how quickly the agreement supports European industrial output. None of this is investment advice.
Read next
Will the US-Iran deal unlock a $300 billion investment fund for Tehran?
Al Jazeera reports that a central element of the US-Iran deal is the status of a $300 billion investment fund designated for Tehran. The Trump administration insists the fund is not a payout for Iran's enriched uranium. The release timetable and oversight mechanism for the fund are among the deal's main points of contention.
Trump may release US-Iran deal text before Friday, Vance describes it as 'a page and a half'
Teenager accused of planning Brisbane terror attack targeting LNP over nuclear policy
US military plans permanent war-ready weapons stockpile in Australia
6.7 magnitude earthquake hits Indonesia's Sulawesi, hospitals evacuated as Palu shakes again
