European Union negotiators are expected to agree on Tuesday (19 May) on legislation removing import duties on U.S. industrial goods, in a move aimed at implementing last year’s trade agreement with the United States and avoiding higher tariffs threatened by U.S. President Donald Trump.
The deal, reached at Trump’s Turnberry golf resort in Scotland last July, would see the EU eliminate tariffs on U.S. industrial products and grant preferential access to American agricultural and seafood exports. In return, the United States would impose a 15% tariff on most EU goods.
Despite the agreement, its legal implementation has been delayed for nearly 10 months as the European Parliament and EU member states continue negotiations over safeguards and enforcement mechanisms.
EU lawmakers are now working to finalise a legislative text in talks expected to conclude late on Tuesday or early on Wednesday, with officials expressing confidence that an agreement can be reached in time to meet Washington’s deadline.
Trump has warned that failure to implement the agreement could trigger significantly higher tariffs on EU exports, including automobiles, with previous threats suggesting duties could rise to 25%.
He has set a 4 July deadline for the EU to comply with the agreement’s terms.
The main point of contention between EU institutions concerns how to ensure the United States adheres to its commitments under the deal.
Members of the European Parliament are pushing for stronger safeguards, including a “sunrise clause” that would delay EU tariff cuts until U.S. compliance is confirmed, a suspension mechanism in the event of violations, and a “sunset clause” ending concessions in 2028.
EU governments, however, have expressed concern that strict conditions could strain relations with Washington and create uncertainty for European businesses.
If an agreement is reached, the EU is expected to meet the 4 July deadline, with a final parliamentary vote anticipated in mid-June.
The outcome is seen as a key test of transatlantic trade stability at a time of heightened economic uncertainty and renewed tariff tensions between major global economies.
Iran says the first wave of attacks on Israel since April's ceasefire has ended, but warned of further strikes if Israel continues military action in ...
Uzbekistan and Russia have agreed to deepen cooperation in agriculture, energy and food security following high-level meetings held during the St Pete...
Armenian Prime Minister Nikol Pashinyan's party is on course for victory, with Armenian media reporting that the country's Central Election Commission...
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that the U.S. would bear direct responsibility for any escalation in West Asia a...
UK Prime Minister Sir Keir Starmer has hosted Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron and German Chancellor Friedric...
Uzbekistan and Russia have agreed to deepen cooperation in agriculture, energy and food security following high-level meetings held during the St Petersburg International Economic Forum (SPIEF) 2026.
Armenian Prime Minister Nikol Pashinyan's party is on course for victory, with Armenian media reporting that the country's Central Election Commission has completed the vote count in the parliamentary elections. An official announcement is still expected.
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that the U.S. would bear direct responsibility for any escalation in West Asia after Iran and Israel resumed strikes for the first time since the April ceasefire.
UK Prime Minister Sir Keir Starmer has hosted Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron and German Chancellor Friedrich Merz for high-level talks in Westminster focused on ending the war in Ukraine.
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million people for the next few years. Prime Minister Nikol Pashinyan is hoping to fend off challenges from several pro-Russia candidates to secure a third term.
Armenian Prime Minister Nikol Pashinyan's party is on course for victory, with Armenian media reporting that the country's Central Election Commission has completed the vote count in the parliamentary elections. An official announcement is still expected.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
The results of Armenia’s parliamentary elections will determine the makeup of the National Assembly and shape the country's political direction for the foreseeable future. But in Armenia, the final result is not decided by vote percentages alone. Here's how it works.
For about three decades after the Soviet collapse, Armenia anchored its foreign and security policy to Moscow.
UK Prime Minister Sir Keir Starmer has hosted Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron and German Chancellor Friedrich Merz for high-level talks in Westminster focused on ending the war in Ukraine.
A French Rafale fighter jet shot down a drone that entered Latvian airspace from Russia on Monday (8 June), triggering security alerts and renewing concerns about the impact of the war in Ukraine on NATO's eastern flank.
Chinese President Xi Jinping arrived in Pyongyang on Monday (8 June) for a rare summit with North Korean leader Kim Jong Un, receiving a grand welcome as he described relations between the two countries as being at a "new historical starting point".
Football fans of all ages gathered in Miami Beach for a World Cup sticker trading event, exchanging duplicates and comparing Panini albums as they prepared for the tournament's opening match.
A city north of Tokyo has suspended classes at all 94 of its primary and middle schools after its first-ever reported bear sighting, amid growing concern over increasing encounters between bears and people across Japan.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment