European Parliament advances EU-U.S. trade deal with added safeguards

Why did EU lawmakers add safeguards to the deal?

They said the measures were needed because of concerns that Washington might not stick to the agreement, especially after months of uncertainty over President Trump’s tariff threats and new import levies Reuters U.S. News & World R…. The added language allows for suspension and includes sunrise and sunset provisions BBC ANSA.it.

What does the deal change for tariffs?

The agreement would remove or reduce EU duties on many U.S. industrial goods, and some reports say it also improves access for U.S. agricultural products and keeps zero-duty treatment for U.S. lobsters Investing.com RTE.ie. In exchange, the U.S. would cap tariffs on most EU goods at 15% dpa International U.S. News & World R….

What happens next?

The Parliament’s vote advances the legislation, but the deal still needs additional steps before it can take effect, including further approval from EU institutions and member states Morningstar Il Post RTE.ie.