European Parliament Approves Turnberry Agreement on EU-US Tariffs
The European Parliament has approved the Turnberry Agreement, an accord between the EU and the US concerning tariffs, despite warnings of potential future chaos.
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Tariffs: European Parliament approves Turnberry Agreement between EU and US
The European Parliament voted on Tuesday, June 16, to eliminate customs duties on most American imports. Lawmakers secured a few safeguards in case Washington does not honor its commitments.
Read full article →EU bows to Trump pressure on tariffs but warns of future chaos
The European Parliament approved on Tuesday cutting duties on many US goods imports to fulfil the European Union’s side of a trade deal struck last year, and avert a new round of tariff conflict between the world’s largest trading partners. US President Donald Trump struck a framework deal with the European Union at his Turnberry golf course in Scotland last July under which the EU agreed to remove import duties on US industrial goods in return for tariffs of 15 per cent on most EU...
By Reuters
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