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European lawmakers back trade deal with US
The European Parliament has preliminary approval of the trade agreement with the United States, opening the way for final ratification before the tariff deadline set by U.S. President Donald Trump, scheduled for July 4th. The agreement includes the removal of tariffs on European industrial goods in exchange for a cap of 15% on the bloc’s exports, with the possibility of halting if U.S. tariffs on steel and aluminum exceed this limit after 2026. This comes amid successful negotiations and a ratification process that could be completed by June 16th, amid threats from Trump to impose new protective tariffs if a final agreement is not reached.
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