EU–US tariff deal: Temporary agreement to cut duties seen as “step toward balanced transatlantic trade,” says von der Leyen

European Commission President Ursula von der Leyen welcomed the compromise reached wrong the EU connected implementing the commercialized statement concluded with Washington, expressing anticipation that it volition rapidly adjacent a turbulent section successful transatlantic relations.

“This means we volition soon fulfill our stock of the committedness we person made” to the United States, she wrote connected X, calling for the process to beryllium completed arsenic soon arsenic possible. “Together we tin guarantee a stable, predictable, balanced and mutually beneficial transatlantic trade,” she added.

Representatives of EU subordinate states and the European Parliament reached an statement connected the implementation of the arguable woody with the United States connected tariffs.

The Cypriot presidency of the Council of the EU announced successful the aboriginal hours that negotiators had “reached a provisional statement connected 2 regulations implementing the EU tariff reductions acceptable retired successful the EU–US Joint Statement.”

Negotiators, nether unit from caller threats by US President Donald Trump, agreed to region remaining tariffs connected American concern products and assistance amended entree to the EU marketplace for US seafood and cultivation products.

“To guarantee effectual implementation of the Joint Statement and support EU interests, lawmakers agreed to fortify the main regularisation with a robust safeguard mechanism,” the subordinate states said successful a statement.

Specifically, the statement provides that EU tariff concessions tin beryllium reversed if the United States violates the deal.

“It has been a turbulent journey, but it was worthy it,” said Bernd Lange, seat of the European Parliament’s International Trade Committee and rapporteur connected relations with the United States. “By turning the commitments successful the Joint Statement into law, the regularisation becomes portion of the EU’s toolbox for improving EU–US relations, but besides responds to pressure.”

Lange said the economical interaction connected Europe volition beryllium reviewed connected December 31, 2029, stressing that if European companies are harmed oregon caller imbalances emerge, an exigency brake mechanics volition automatically beryllium triggered.

Trump and von der Leyen reached an statement connected tariffs successful August 2025. Both sides agreed connected a 15% tariff headdress for astir EU exports to the US, including cars and automotive parts. In return, the EU committed to removing tariffs connected US concern goods and facilitating entree for American cultivation products specified arsenic pork and dairy.

Trump has since accused the EU of failing to instrumentality the statement and announced plans to rise tariffs connected cars and trucks imported from the EU to 25%.

Earlier successful May, Trump acceptable a July 4 deadline for the EU to instrumentality the commercialized deal, informing that tariffs would emergence to “much higher levels” if the deadline was not met.

Before the changes instrumentality effect, the statement indispensable inactive beryllium formally approved by the European Parliament plenary and EU subordinate states, though this is considered mostly a formality. The regulations are expected to participate into unit nary aboriginal than July 4.