Trending Now - EU Committee Advances Trade Agreement, Aiming to Lift US Tariffs
WHO:
dw.com - US President Donald Trump threatened to impose higher tariffs on European goods.
dw.com - European Commission President Ursula von der Leyen announced the trade deal with Trump.
Bloomberg Markets - European Union lawmakers are involved in the approval process of the trade deal.
WHAT:
dw.com - The European Parliament's trade committee voted in favor of continuing zero duties for US lobsters.
dw.com - A "sunset" clause to terminate the deal was pushed back to the end of 2029.
dw.com - The US is the EU's largest trading partner, with an annual exchange of $2 trillion (€1.7 trillion) in goods and services.
dw.com - The European Parliament committee voted overwhelmingly to remove EU import duties on a range of US goods.
dw.com - The vote resulted in 31 in favor, six against, and three abstentions.
dw.com - The legislation is expected to be approved by the full EU assembly in mid-June.
dw.com - The US-EU trade deal caps US levies on most European imports into the US at 15%.
dw.com - The EU pledged to scrap tariffs on US industrial goods and ease market access for US agricultural products.
WHERE:
dw.com - The trade deal was announced in Turnberry, Scotland.
WHEN:
dw.com - Trump set a deadline of July 4 for the EU to ratify the trade deal.
dw.com - A "sunset" clause to terminate the deal was pushed back to the end of 2029.
WHY:
dw.com - The EU's implementation of the deal was delayed by frustration over other tariff threats by Trump, the dispute over his bid to annex Greenland, and legal uncertainty triggered by a US Supreme Court ruling that struck down many of his existing tariffs.
dw.com - The tariff cuts are key to complying with the US-EU trade deal and avoiding a trans-Atlantic trade row.
dw.com - The EU's implementation of the deal was delayed by various factors affecting the US-EU relationship, including tariff threats and legal uncertainties.
HOW:
dw.com - Some safeguards sought by EU lawmakers were scaled back to avoid reigniting trade tensions with Washington and creating uncertainty for EU businesses.
dw.com - The European Parliament's trade committee backed the legislation to enact duty reductions.
dw.com - The EU sought additional safeguards in the deal to protect against potential US non-compliance.
(UPDATED June 3, 2026 08:41 UTC)
The European Parliament's trade committee has voted to maintain zero duties on US lobsters, with a "sunset" clause to end the deal now pushed back to the end of 2029. This decision comes after delays caused by tensions over other tariff threats from Trump, disputes regarding his Greenland annexation bid, and legal uncertainties following a US Supreme Court ruling that affected many of his tariffs. To prevent further trade tensions with Washington and ensure stability for EU businesses, some safeguards requested by EU lawmakers were scaled back.
--
(UPDATED June 3, 2026 06:37 UTC)
President Trump has threatened to impose higher tariffs on European goods, while European Commission President Ursula von der Leyen announced a trade deal with him in Turnberry, Scotland. The European Parliament committee voted overwhelmingly to remove EU import duties on a range of US goods, with the legislation expected to be approved by the full EU assembly in mid-June, and Trump set a deadline of July 4 for the EU to ratify the deal. This agreement caps US levies on most European imports into the US at 15%, and the EU has pledged to scrap tariffs on US industrial goods and ease market access for US agricultural products.