The European Parliament backed two laws to implement last year’s EU-US trade deal, scrapping duties on U.S. industrial goods while adding safeguards to ensure compliance by the Donald Trump administration. Lawmakers inserted a suspension clause if the U.S. threatens EU territorial sovereignty, referencing Trump’s push to annex Greenland. The deal is tied to removing tariffs on steel derivatives and includes an expiry date in March 2028. U.S. ambassador Andrew Puzder urged swift approval after delays caused by a ruling from the U.S. Supreme Court that struck down Trump’s earlier tariff agenda. Negotiations with EU governments on a final compromise are expected to start in mid-April.
Crossstoney on
EU lawmakers on their way to approve the worst trade deal ever (they rejected a free trade deal with Mercosur):
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The European Parliament backed two laws to implement last year’s EU-US trade deal, scrapping duties on U.S. industrial goods while adding safeguards to ensure compliance by the Donald Trump administration. Lawmakers inserted a suspension clause if the U.S. threatens EU territorial sovereignty, referencing Trump’s push to annex Greenland. The deal is tied to removing tariffs on steel derivatives and includes an expiry date in March 2028. U.S. ambassador Andrew Puzder urged swift approval after delays caused by a ruling from the U.S. Supreme Court that struck down Trump’s earlier tariff agenda. Negotiations with EU governments on a final compromise are expected to start in mid-April.
EU lawmakers on their way to approve the worst trade deal ever (they rejected a free trade deal with Mercosur):
https://preview.redd.it/m86my0dw1erg1.jpeg?width=640&format=pjpg&auto=webp&s=0a8c6195a36402a166b9d2c8d06a0715be0998da
Can’t read the Bloomberg article, so I don’t know if it says it, but this is conditional. See [this BBC article](https://www.ft.com/content/b5545c8c-9c68-4967-a917-6c122fa4bbdb?syn-25a6b1a6=1) and this one from [FT](https://www.ft.com/content/b5545c8c-9c68-4967-a917-6c122fa4bbdb?syn-25a6b1a6=1).
On top of that, the deal still has to be voted on by the Member States in either April or May.