EU ratifies US trade deal before Trump deadline

The European Union countries have officially approved the customs agreement with the United States, which includes a 15% tariff on most EU exports, in exchange for exemption of American industrial goods from tariffs. This comes as part of both sides' commitment to strengthen trade relations, with guarantees to protect European interests and a commitment from the EU to exemptions and to enhance the ability to suspend the agreement if the United States abandons its commitments. The agreement is expected to enter into force after its official publication and will remain in effect until the end of 2029, with the possibility of renewal.

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