European Parliament moves towards lowering tariffs on US products
MEPs on the European Parliament’s international trade committee endorsed a political deal on Tuesday to lower tariffs on US industrial and agricultural goods.
The vote marks a key step in implementing the EU’s side of the so-called Turnberry deal and easing transatlantic trade tensions before a 4 July deadline imposed by US President Donald Trump. The deal passed with 31 votes in favour, six against and three abstentions.
Under the agreement, Brussels will scrap tariffs on hundreds of US products, while accepting a blanket 15% tariff on EU exports to the US.
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