EU-US Trade Deal

EU Eyes Freezing Trade Deal Over Trump’s Greenland Threat

European Parliament members are hesitant to approve trade measures benefiting the U.S. due to current geopolitical tensions and potential tariffs. To move forward, MEPs are demanding that the U.S. cease tariffs and security-related threats to provide guarantees. A deal between the EU and the U.S. would involve abolishing tariffs on U.S. industrial goods and easing market access for some agricultural products. Some MEPs are calling for a freeze on parliamentary work related to the deal, citing concerns about rewarding certain actions.

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EU’s $1.4 Trillion Pledge to US: Not Binding, Just Empty Promises

The European Union clarified that its pledge to invest over a trillion dollars in US energy and infrastructure is not legally binding, according to Brussels. This follows President Trump’s threat of a 35% tariff if the EU didn’t fulfill its commitment, which is a key component of the recent EU-US trade deal. The deal also includes an EU agreement to purchase $750 billion in US energy by 2028. While a 15% tariff “ceiling” has been agreed upon, tariffs on EU cars and parts remain at 27.5%, and the timeline for reducing them is unclear.

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