Breaking
World leaders gather for emergency summit on climate crisis • Tech giants announce major breakthrough in fusion energy • Stocks reach all-time high as global trade recovers • Global News 24 launches premium news experience • Stay updated with real-time headlines •
BACK TO NEWS
Technologyabout 1 hour ago

European parliament finally approves Trump tariff deal

The Guardian
The Guardian

Verified Publisher

European parliament finally approves Trump tariff deal

MEPs agree to implement deal almost 12 months after it was proposed and just days before deadline of US threat to raise tariffsThe European parliament has given its final approval to implement last July’s tariff agreement with Donald Trump.Facing a threat of increased tariffs if the deal was not sanctioned by 4 July, MEPs agreed to approve the deal, with two main provisos. <a href="https://www.theguardian.com/world/2026/jun/16/european-parliament-finally-approves-trump-tarif

An aluminium smelter in Loon-Plage, northern France. MEPs agreed the deal on the proviso that there would be tariff reductions on products containing some steel and aluminium.

Photograph: Benoît Tessier/Reuters An aluminium smelter in Loon-Plage, northern France. MEPs agreed the deal on the proviso that there would be tariff reductions on products containing some steel and aluminium.

Photograph: Benoît Tessier/Reuters European parliament finally approves Trump tariff deal MEPs agree to implement deal almost 12 months after it was proposed and just days before deadline of US threat to raise tariffs The European parliament has given its final approval to implement last July’s tariff agreement with Donald Trump .

Facing a threat of increased tariffs if the deal was not sanctioned by 4 July, MEPs agreed to approve the deal, with two main provisos.

The first is a “sunset clause” which will mean the deal expires on 31 December 2029 unless it is renewed.

The second sets out “clear conditions” for tariff reductions on products containing some steel and aluminium, tariffs that Trump has imposed under national security laws rather than the tariff regime he instituted on “liberation day” last April.

Under the deal the US applies 15% on most EU exports, while the EU has cut import duties on some US goods, some agricultural products and a wide range of seafood to 0%.

The deal is expected to be formally adopted by EU leaders when they meet in Brussels on Thursday.

The European parliament’s approval came nearly a year after the original deal was agreed at Donald Trump’s Turnberry golf course in Scotland last July, having gone through a democratic process that has baffled the US administration, which put the deal in place stateside immediately last summer.

However, relations with the EU soured when the US, under the guise of national security considerations, imposed tariffs on products with steel or aluminium content, something Brussels has frequently protested against.

Under the text of the agreement voted on in the European parliament on Tuesday, the European Commission will be able to suspend tariff preferences for US goods by 31 December 2026 if the US continues to apply tariffs on steel derivatives.

The commission will report to the parliament on the matter by 1 December.

By 30 June 2029, six months after Trump’s presidency is due to end, the commission is now also required by the parliament to conduct an assessment of the impact on EU industry of the 0% tariffs on US goods for agriculture and small- to medium-sized businesses.

MEPs suspended the ratification process twice this year through the international trade committee, first in protest against Trump’s threat to impose higher tariffs in January, and then over his threat take over Greenland.

Although the supreme court in the US has already ruled the 15% tariff at the heart of the deal is illegal , the EU agreed to maintain the agreement in an attempt to achieve stability for businesses and industry.

Explore more on these topics European Union Trump tariffs Donald Trump Europe Tariffs Trump administration news Share Reuse this content

Read original story at The Guardian

Continue reading this article on the publisher's website.

Visit Website

More from The Guardian

A teacher, a cancer survivor and a new dad: victims of Missouri skydiving plane crash identified
Technology
The Guardian
The Guardianabout 2 hours ago1 min read

A teacher, a cancer survivor and a new dad: victims of Missouri skydiving plane crash identified

A group of 12 people – nine skydivers, two tandem jumpers and a pilot – were killed in the weekend crash in ButlerA high school music teacher, a cancer survivor and a new father with two baby boys have been identified by family members as victims of a weekend skydiving plane crash in Missouri that killed 12 people.According to the Bates county department of emergency management, the aircraf

Russian frigate fires warning shots at British yacht in Channel – reports
Technology
The Guardian
The Guardianabout 2 hours ago1 min read

Russian frigate fires warning shots at British yacht in Channel – reports

Ministry of Defence investigates after shots apparently fired within 500 metres of vessel near Isle of WightThe Ministry of Defence is investigating reports that a Russian frigate, the Admiral Grigorovich, fired warning shots within 500 metres of a British yacht sailing a little over 20 miles south of the Isle of Wight.No injuries or damage have been reported by the yacht, which is continuing its journey. A boat from HMS Tyne has visited the yacht to gather details and check the

Farage’s plan for equal pay legislation may cost female workers money, say unions
Technology
The Guardian
The Guardianabout 2 hours ago1 min read

Farage’s plan for equal pay legislation may cost female workers money, say unions

General secretary of TUC calls Reform proposal ‘a smokescreen for slashing women’s rights’UK politics live – latest updatesA law proposed by Nigel Farage to “strengthen women’s rights” could cost female workers money by removing equal pay for work of equal value, unions have said.A proposal, made by Reform