3 weeks ago
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European Union (EU) negotiators were expected to hold connected Tuesday (May 19, 2026) to scrap import duties connected U.S. goods to comply with the commercialized woody struck with the United States past twelvemonth and ward disconnected U.S. President Donald Trump's menace of overmuch higher tariffs.
Under the presumption of the deal struck astatine Mr. Trump's Turnberry play edifice successful Scotland past July, the EU agreed to remove import duties connected U.S. concern goods and assistance preferential entree to U.S. farm and oversea produce. In exchange, the United States would enforce tariffs of 15% connected astir EU goods.
However, astir 10 months on, the European Parliament and the Council, the assemblage representing EU governments, inactive person to hold connected a legislative substance earlier the EU work reductions tin participate force, with the main divisions implicit safeguards successful lawsuit Mr. Trump reneges connected the agreement.
Negotiators from the Parliament and Council volition conscionable for what was expected to beryllium a last round of talks starting astatine 9 p.m. (1900 GMT). EU lawmakers involved successful the negotiations were assured a woody would beryllium struck precocious connected Tuesday (May 19, 2026) oregon precise aboriginal connected Wednesday (May 20, 2026).
U.S. President Donald Trump acceptable July 4 deadline
Mr. Trump has said helium would enforce overmuch higher tariffs connected EU goods including cars if the European Union (EU) did not instrumentality its commercialized deal commitments by July 4, having earlier threatened to rise tariffs connected EU car imports to 25% from the existent 15%.
EU lawmakers person doubly paused the required authorities aft Mr. Trump's threats to enforce caller tariffs connected European allies who did not backmost his projected acquisition of Greenland and aft the U.S. Supreme Court struck down his planetary tariffs.
Assuming a woody is reached, past the bloc should conscionable Mr. Trump's July 4 deadline, with a last ballot of support successful the European Parliament past expected successful mid-June.
EU lawmakers privation tougher safeguards, including a "sunrise clause" nether which the EU would lone chopped duties erstwhile the United States fulfilled its broadside of the deal, the anticipation to suspend the woody if the U.S. breached the terms, and a "sunset clause" to extremity EU tariff concessions connected March 31, 2028.
EU governments person had little appetite for inserting specified items, acrophobic they could antagonise the Trump medication and make uncertainty for EU businesses.
