European Parliament approves long-delayed EU-US trade agreement
- The European Parliament has approved a long-delayed trade agreement with the United States, granting tariff-free access for US industrial goods and preferences for agricultural products.
- The deal includes a safeguard allowing the European Commission to suspend these tariff preferences if the US maintains tariffs exceeding 15% on EU steel and aluminium derivatives.
- This agreement aims to strengthen economic ties and reduce trade barriers between the two major global markets.
- The effectiveness of the preferences remains contingent on US trade policy regarding metal derivatives after the December 31, 2026, deadline.
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AP News Summary at 8:58 a.m. EDT | National News
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Read original · cnn.com
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