European Commission President Ursula von der Leyen delivers a keynote address at the European Summit on Artificial Intelligence and Children in Copenhagen, Denmark, May 12. Von der Leyen and President Donald Trump made a trade agreement in July at Turnberry, Scotland, and the EU on Tuesday began the process of ratifying it. Photo by Ida Marie Odgaard/EPA
May 20 (UPI) -- The European Council and Parliament agreed to move forward with the trade agreement from last summer's visit with President Donald Trump at Turnberry, Scotland.
The provisional agreement reached on Tuesday includes a "dedicated safeguard mechanism," which would allow the EU to suspend tariff reductions if it is found that they harm domestic producers within the bloc.
The safeguard can be triggered by a request from three or more member states, EU industry or trade unions or the European Commission.
The Turnberry Agreement eliminates tariffs on most U.S. industrial goods imported into Europe.
