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Top 2 european parliament plenary session News Today

#1
Trade MEPs back EU–US deal despite watered-down safeguards
#1 out of 2
business12h ago

Trade MEPs back EU–US deal despite watered-down safeguards

  • MEPs approved the EU–US trade deal in the International Trade Committee, clearing the path to plenary voting in June.
  • The deal removes most EU duties on US industrial goods and zeroes tariffs on US products entering the bloc.
  • A sunset clause was replaced; the final pact ends on 2029, not 2028.
  • Parliament secured a suspension provision if the US fails to lift tariffs on European steel and aluminium by end-2026.
  • The Turnberry agreement and related safeguards drew scrutiny as lawmakers pressed for stronger protections.
  • The final adoption is scheduled for 16 June, with plenary voting expected soon after the committee's approval.
  • Some MEPs voiced concerns over US tariff threats and Greenland-related claims during negotiations.
  • The agreement aims to reduce tariffs, with the EU guaranteeing zero tariffs on certain US imports.
  • The deal follows negotiations from Turnberry, Scotland, where leaders set the framework last summer.
  • European Parliament lawmakers emphasized they can suspend the deal if US tariffs are not lifted as agreed.
  • The package advances despite concerns over safeguards, marking a pragmatic step toward broader transatlantic commerce.
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#2
EU trade lawmakers back compromise on deal with Trump
#2 out of 2
politics7h ago

EU trade lawmakers back compromise on deal with Trump

  • The European Parliament's trade committee approved a compromise on the US-EU trade deal by 31 votes to 6 with 3 abstentions.
  • The deal includes a sunset clause expiring in December 2029 and safeguards to suspend tariffs if needed.
  • EU institutions plan to complete the process with a plenary vote set for June 16 amid some liberal and left-wing opposition.
  • The Turnberry accord included a 15 percent tariff cap on most EU exports under the deal.
  • U.S. tariffs on certain steel, aluminum, and copper were expanded by the Trump administration, a point MEPs objected to.
  • The compromise allows the European Commission to suspend tariff concessions if Washington does not reduce duties by the end of 2026.
  • The article notes the European institutions aim to finalize the legislative process ahead of potential U.S. tariff action.
  • The topic drew attention after months of internal EU wrangling over the pact.
  • The negotiations are tied to safeguards to prevent harming European domestic industries.
  • The plan involves a broader package to implement a trade deal with the United States.
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