EU lawmakers give green light to U.S. trade deal before Trump tariff deadline

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EU lawmakers advance U.S. trade deal

Highlights

The European Parliament’s trade committee approved the U.S. trade deal for final consideration.
The full Parliament is expected to vote in mid-June, before final approval by EU governments.
The agreement would remove many EU duties on U.S. goods while keeping safeguards against future U.S. tariff moves.
Trump’s July 4 tariff deadline remains the main political pressure point.

Committee vote clears path

According to Bloomberg, the Parliament’s trade committee backed legislation to remove EU import duties on many U.S. goods, a step needed to implement the trade agreement reached last year between Washington and Brussels. The measure still requires approval by the full European Parliament in mid-June and then final backing from EU governments, but the committee vote is seen as a strong signal that the deal is likely to pass.

The agreement follows months of delay and political tension. EU negotiators and lawmakers reached a compromise in May after talks with member states, adding safeguards intended to protect European industries if the United States does not meet its commitments. The European Parliament’s International Trade Committee had scheduled a June 2 vote on the provisional agreement tied to the so-called Turnberry legislative package.

Tariff threats shape the deal

Under the framework, the EU would remove duties on most U.S. industrial goods and provide preferential access for some U.S. agricultural and seafood products. In return, Washington agreed to limit tariffs on many European exports, though EU officials and lawmakers have remained concerned about U.S. compliance and possible future tariff threats.

Trump had warned that the EU could face higher tariffs if it failed to implement its side of the agreement by July 4. That pressure pushed Brussels to move forward despite criticism from some lawmakers who argue the deal gives Washington more benefits than Europe.

A test for transatlantic trade

The deal matters because the EU and the United States remain each other’s most important commercial partners. The European Commission says EU-U.S. trade in goods and services was worth about €1.6 trillion in 2024, with more than €4.2 billion in goods and services crossing the Atlantic each day.

For companies, ratification would reduce uncertainty after months of tariff threats and delayed implementation. For Brussels, the vote is also a political calculation: accept an imperfect deal with safeguards, or risk another escalation in a trade relationship central to European exporters, manufacturers, and consumers.

Earlier, we reported that EU advances U.S. trade deal after Trump tariff threats.

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