EU lawmakers have reached a provisional deal to make the EU-US trade agreement suspendable in the event of a market disruption caused by a surge in US imports, Euronews has learned from two sources close to the talks.
Intense negotiations have been underway between EU governments and the European Parliament over the implementation of the deal, which would cut EU tariffs on US goods to zero, under pressure from the Trump administration.
The US has suggested it will double tariffs on European cars if an agreement to swiftly implement the deal is not approved by the European Parliament by 4 July
MEPs have been pushing for tougher conditions since the agreement was clinched last summer between Trump and European Commission President Ursula von der Leyen, arguing that it must not become a vehicle for extortion of the EU.
The deal sees tariffs tripling on EU goods entering America, although the duties are not stackable, while US industrial goods are reduced to zero. Members of the European Parliament have been delaying a vote to implement the accord, arguing that it needed to be rebalanced and include clauses to protect the EU's interests.
