The European Parliament is moving forward with the EU-US trade framework, even as President Trump keeps waving the tariff stick. A key parliamentary committee voted 31-6 with three abstentions on June 2 to support legislation implementing the deal, setting up a full Parliament vote scheduled for June 16.
Trump has threatened to slap a 100% duty on French wines, a move that would essentially double the price of every bottle of Bordeaux crossing the Atlantic.
What the deal actually does
The trade framework, originally negotiated by Trump and European Commission President Ursula von der Leyen back in July 2025, establishes a 15% cap on tariffs for most goods traded between the EU and the US.
The deal also extends zero duties on US lobsters, continuing an arrangement that dates back to 2020. American lobster fishermen, particularly in Maine, had become unlikely pawns in the broader trade chess match, and the continuation of duty-free access represents a concrete win for that industry.
