The European Parliament gave a final sign off on Tuesday to a tariff deal with the United States as the EU seeks to close a volatile chapter of transatlantic trade relations. Another "safety net" measure gives the European Commission, in charge of EU trade policy, the power to suspend the pact if the United States fails to meet its commitments or disrupts trade and investment.

The bloc plans to remove tariffs and begin providing preferential market access for a range of U.S. goods by the end of the month, EU officials told Supply Chain Dive.

The European Union and the United States on Tuesday gave a final sign off to a long awaited tariff deal as the EU seeks to close a volatile chapter of transatlantic trade…