The European Union reached a late-night provisional deal on Tuesday to remove import duties on US goods, a key part of the bloc's trade pact with the United States.
This kept the EU on track to meet President Donald Trump's July 4 deadline and avoid higher US tariffs on European goods.
"I am proud to announce that Europe has avoided a damaging escalation of transatlantic trade tensions and protected European companies, investments and millions of jobs on both sides of the Atlantic," Zeljana Zovko, the lead trade negotiator in the European People’s Party group on the US deal, said in an X post announcing the deal.
"Today, the European Union delivers on its commitments," Cyprus's Energy, Commerce and Industry Minister Michael Damianos, whose country holds the EU's rotating presidency, said in a statement announcing the deal.
"Maintaining a stable, predictable and balanced transatlantic partnership is in the interest of both sides," he said.
