The European Parliament and EU Council agreed to eliminate tariffs on U.S. industrial goods, retaining the power to suspend cuts if Washington D.C. exceeds the agreed-upon duties.

EU negotiators aim to eliminate U.S. import duties to prevent Trump's tariff hike ahead of the July 4 deadline.

The European Parliament and EU Council agreed to eliminate tariffs on U.S. industrial goods, retaining the power to suspend cuts if Washington D.C. exceeds the agreed-upon duties.

EU agrees to remove import duties on US goods under provisional trade deal, aiming to ease tensions and avoid higher tariffs on European exports.