Key facts
- EU lawmakers approved a trade deal with the US after nearly a year of negotiations.
- The agreement sets a 15% tariff ceiling for most EU exports to the US.
- Tariffs will be eliminated on US industrial goods entering the EU.
- The deal aims to protect the steel and aluminum sectors from unfair competition.
- Both sides will work to extend zero-tariff treatment to additional product categories.
- The EU plans to increase its purchase of US liquified natural gas, oil, and nuclear energy products.
European Union lawmakers have approved a long-delayed trade deal with the United States, a significant step toward finalizing an agreement that has been under negotiation for nearly a year. The pact, struck between the EU and President Trump, aims to reduce tariffs and non-tariff barriers between the two economic blocs.