Overview
- Representatives of the European Parliament and EU member states struck a provisional agreement after late-night talks in Strasbourg on Wednesday to begin applying the 2025 Turnberry trade deal with the United States.
- Under the deal the EU will remove most tariffs on U.S. imports in exchange for a U.S. commitment to cap duties on EU goods at 15 percent.
- Key changes won by negotiators include removal of the automatic 'sunrise' trigger, an extension of the pact’s expiry to the end of 2029, and a deadline that gives the United States until the end of 2026 to cut certain steel surtaxes above 15 percent.
- The agreement retains a suspension mechanism, ongoing economic monitoring, and stronger parliamentary involvement but these safeguards are narrower than earlier demands from many MEPs.
- Final approval still requires a European Parliament vote, expected in mid-June, and formal sign-off by member states so the EU can meet the July 4 deadline set by President Trump, with autos, steel and farm sectors likely to feel the biggest immediate impact.