European Parliament Approves Tariff Deal With United States
The European Parliament voted on Tuesday to approve a tariff agreement with the United States. The measure sets 15% duties on most EU products and zero tariffs on U.S. industrial goods. EU capitals had already endorsed the deal.
Le MondeThe European Parliament approved a tariff agreement with the United States on Tuesday, clearing the final legislative step before implementation. The deal, reached in July last year, sets 15% levies on most EU products while providing zero tariffs for U.S. industrial goods. EU capitals had already endorsed the measure.
Some 440 lawmakers supported the agreement, 151 voted against it, and 50 abstained. The vote took place in Strasbourg. Only formal steps remain, including a final endorsement by member states and publication in the EU's official journal.
Parliament added an expiration date of December 2029 unless the agreement is renewed. It also granted the European Commission authority to suspend the pact if the United States fails to meet commitments or disrupts trade. Trade committee head Bernd Lange said the agreement is stronger than earlier versions and that lawmakers will monitor its implementation.
Centrist lawmaker Karin Karlsbro said Parliament had stood up to coercive tactics while laying groundwork for stability.
