Close Menu
    What's Hot

    Opinion | Dear A.I. Companies: The Doom Trolling Needs to Stop

    G7 leaders to boost Ukraine air defences, tighten sanctions on Russia | US-Israel war on Iran News

    Live Updates: G7 Leaders Praise Trump for U.S.-Iran Deal

    Facebook X (Twitter) Instagram
    Trending
    • Opinion | Dear A.I. Companies: The Doom Trolling Needs to Stop
    • G7 leaders to boost Ukraine air defences, tighten sanctions on Russia | US-Israel war on Iran News
    • Live Updates: G7 Leaders Praise Trump for U.S.-Iran Deal
    • Sixty percent of US consumers say ‘AI’ in brand messaging is a turnoff, survey finds
    • Bit Digital (BTBT): Discount Is Real, But WhiteFiber’s AI Pivot Has To Prove It
    • Murat Gassiev: Heavyweight has ‘respect’ for ‘humble’ Moses Itauma – but teases future fight after Tony Yoka clash | Boxing News
    • The Google / Xreal Aura XR glasses are now available to preorder
    • The Google / Xreal Aura XR glasses are now available to preorder
    interluknewsinterluknews
    • Home
    • Business
      • Corporate News
      • Industry Insights
      • Startups & Entrepreneurship
      • Technology & Innovation
    • Economy
      • Economic Policy
      • Financial Analysis
      • Inflation & Interest Rates
      • Trade & Markets
    • Global
      • Conflicts & Security
      • Diplomacy
      • Global Trends
      • International Affairs
    • Lifestyle
      • Fashion
      • Food & Dining
      • Personal Development
      • Travel
    • Opinion
      • Columns
      • Editorials
      • Expert Opinions
      • Reader Voices
    • More
      • Politics
        • Elections
        • Government & Policy
        • International Relations
        • Political Analysis
      • Sports
        • Cricket
        • Football / Soccer
        • International Sports
        • Local Sports
      • Technology
        • Artificial Intelligence
        • Cybersecurity
        • Gadgets & Reviews
        • Tech News
      • South Africa News
    Facebook X (Twitter) Instagram
    interluknewsinterluknews
    Corporate News

    Europe Union Lawmakers Approve Much-Delayed Trade Deal With U.S.

    adminBy adminJune 16, 2026No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
    Europe Union Lawmakers Approve Much-Delayed Trade Deal With U.S.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The European Parliament approved a major part of the trade deal that it settled on with the United States last summer at President Trump’s golf course in Turnberry, Scotland — nearly a year after the agreement was struck.

    European Union lawmakers agreed to cut tariffs to zero on American industrial goods, including machinery and car parts, and on lobster. It will also reduce levies on some American agricultural products. In exchange, tariffs on many European goods exported to the United States should remain taxed around 15 percent (but sometimes more).

    The decision ran up against the clock. Mr. Trump, frustrated with Europe’s slow progress toward agreeing to the deal, had threatened “much higher” tariffs on European products if it wasn’t finalized by July 4.

    “With this milestone, we are days away from fulfilling our commitment to remove tariffs on imports of US industrial goods,” Ursula von der Leyen, the president of the European Commission, posted on social media after the vote.

    European Union member states still need to rubber-stamp the agreement before it is officially complete. But Tuesday’s vote should effectively finish what has been a long and sometimes fraught process.

    Earlier votes on the deal were postponed, first over Mr. Trump’s threats to annex Greenland, and later after the Supreme Court ruled that many of Mr. Trump’s tariffs were illegal.

    Even once progress resumed, bumps continued. In an interview with The New York Post published on Monday, Mr. Trump threatened 100 percent tariffs on French wine and Champagne over digital taxes.

    Parts of the deal can be suspended if the United States does not hold up its end of the bargain, as a way to give the European Union both a sort of escape hatch and some remaining leverage. Other parts will sunset after 2029 if they are not renewed.

    The news came as European Union and national leaders gathered in Évian-les-Bains, France, alongside Mr. Trump for a Group of 7 meeting.

    approve deal Europe lawmakers MuchDelayed trade U.S union
    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous ArticleEU lawmakers approve long-delayed US trade deal
    Next Article Israeli court rules to keep prominent Palestinian doctor in detention | Israel-Palestine conflict News
    admin
    • Website

    Related Posts

    Live Updates: G7 Leaders Praise Trump for U.S.-Iran Deal

    June 17, 2026

    ‘Made in Europe’ push hits UK plastics recyclers

    June 17, 2026

    Investors pile into bullish dollar bets as ‘US exceptionalism’ trade returns

    June 17, 2026
    Leave A Reply Cancel Reply

    Demo
    Latest Posts

    Opinion | Dear A.I. Companies: The Doom Trolling Needs to Stop

    G7 leaders to boost Ukraine air defences, tighten sanctions on Russia | US-Israel war on Iran News

    Live Updates: G7 Leaders Praise Trump for U.S.-Iran Deal

    Sixty percent of US consumers say ‘AI’ in brand messaging is a turnoff, survey finds

    Latest Posts

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo

    We are a digital news platform delivering timely, accurate, and insightful coverage of politics, global affairs, business, economy, sports, and more. Our mission is to keep readers informed with reliable news, clear analysis, and stories that truly matter.
    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Type above and press Enter to search. Press Esc to cancel.

    Powered by
    ...
    ►
    Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
    None
    ►
    Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
    None
    ►
    Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
    None
    ►
    Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
    None
    ►
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
    None
    Powered by