The European Parliament tries to revive the EU-US trade accord after months of deadlock. The change is important because it begins a process that has been delayed for a long time because of basic differences between Washington and Brussels, which are exacerbated by their divergent stances on nearly everything, from trade and digital regulations to Greenland and now Iran.
Members of the European Parliament had opposed moving forward with the implementation of an agreement that they believed to be biased in favor of the United States.
Nevertheless, they have chosen to resume it in spite of political and legal issues.
The chair of the trade committee, German MEP Bernd Lange (S&D), told reporters, “There was a broad understanding from more or less all political groups supporting my compromise and this is a big achievement. Therefore, we will go for the vote on Thursday in the committee.”
President Donald Trump and Commission head Ursula von der Leyen reached an arrangement last summer wherein the US would slap 15% tariffs on EU goods while Europe would lower its own levies to zero. At first, Brussels presented it as the best of the worst.
Since the White House launched an aggressive global agenda after Liberation Day last year, MEPs have been resisting, citing what they perceive to be inconsistent trade policy. When the US Supreme Court ruled at the beginning of the year that Trump’s initial “reciprocal” tariffs were unlawful, the agreement fell apart.
Also Read:
Shaping the Future through AI Solutions: Stefan Kløvning as the Co-founder of Nordic AI
Empowering Humans with AI: Sebastian Knørr Vision Behind Building Nordic AI
