EU ratifies trade deal with US before Trump deadline
The European Union has officially finalized the trade agreement with the United States, which includes the removal of tariffs on American industrial goods and some agricultural products, while maintaining a maximum American tariff rate of 15%. This move is part of an effort to avoid escalating trade disputes between the two sides. The agreement also sets a termination date at the end of 2029, with the European Union reserving the right to suspend it if Washington breaches the agreed commitments. Some disagreements still remain, particularly concerning taxes on steel products and the technology sector. The deal is expected to be tested in the coming weeks as the deadline approaches for the expiration of the ceasefire on the aircraft industry’s tariffs.
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