The European Union moved closer to fully implementing its trade agreement with the United States after negotiators from the European Parliament and EU member states reached a late-night compromise, easing fears of a new tariff escalation threatened by US President Donald Trump. The agreement came after months of political disputes inside the bloc and growing pressure from Washington.

The EU hopes Tuesday to strike a deal towards implementing its nearly year-old trade pact with the United States -- with an increasingly impatient Donald Trump threatening steep…

Negotiators from the European Parliament, the Council of the European Union, and the European Commission reached a provisional agreement in the early hours of Wednesday on the…