EU lawmakers again postpone vote on US trade deal after tariff upheaval (www.reuters.com)
from MicroWave@lemmy.world to world@lemmy.world on 23 Feb 17:48
https://lemmy.world/post/43494706

The European Parliament decided on Monday to postpone for a second time a vote on the European Union’s trade deal with the United States after Donald Trump’s imposition of a new blanket 15% import tariff.

The EU assembly has been debating legislative proposals to remove many EU import duties on U.S. goods, a key part of the deal struck in Turnberry, Scotland, last July, as well as to continue zero duties for U.S. lobsters, initially agreed with Trump in 2020. The proposals require approval by the parliament and EU governments.

Parliament’s trade committee has now postponed a vote planned for Tuesday. Bernd Lange, the committee chair, said the new temporary U.S. tariff could mean increased levies for some EU exports and no one knew what would happen after they expire in 150 days. EU lawmakers will reconvene on March 4 to assess if the United States had clarified the situation and confirmed its commitment to last year’s deal.

#world