- The European Parliament and the Council of the EU reached a temporary agreement on the implementation of the trade agreement.
- Trump has threatened new tariffs if the EU does not accept the deal by July 4.
- Trump threatened 25 percent tariffs on cars imported from the EU.
- Relations between the European Union and the United States remain fragile and strained.
The European Parliament and the Council of the EU reached a temporary agreement on the implementation of the almost year-old trade agreement between the Union and the United States early on Wednesday morning. US President Donald Trump has threatened to impose new tariffs if the deal is not passed by July 4. TASR informs about it according to the reports of the AFP and Reuters agencies.
The negotiations ended two weeks after that Trump threatened to impose 25 percent tariffs on cars from the EU, if Europe does not accept the agreement he concluded with the President of the European Commission, Ursula von der Leyen, last July in Turnberry, Scotland, by July 4th.
The agreement provides for duty-free import of American industrial goods into the EU. In exchange, the United States pledged to apply a blanket tariff, capped at 15 percent, to most EU imports.
“Maintaining a stable, predictable and balanced transatlantic partnership is in the interest of both sides,” he said Cyprus Minister of Trade Michael Damianos. “The European Union is fulfilling its obligations today,” he added according to the Euronews portal.
However, relations between the EU and the US remain fragile and there are fears in Brussels that the American government could use the tariffs again to exert political pressure on the Union if it does not comply with the demands of the White House on other issues, writes Euronews.
