European Parliament Trade Committee Approves EU-US Trade Deal, Plenary Vote Set for 16th
The European Parliament's International Trade Committee approved the EU-US trade agreement on the 2nd, with a plenary vote scheduled for the 16th. The deal includes safety nets and safeguards against US tariffs. President Trump had previously threatened higher tariffs if not approved by July 4.
📋 Article Processing Timeline
- 📰 Published: June 2, 2026 at 21:00
- 🔍 Collected: June 2, 2026 at 21:12 (12 min after Published)
- 🤖 AI Analyzed: June 2, 2026 at 21:14 (1 min after Collected)
Central News Agency (Brussels, 2nd) The European Parliament's International Trade Committee passed the EU-US trade agreement today, with a plenary vote scheduled for the 16th. US President Donald Trump had previously threatened to impose higher tariffs if the EU did not approve the deal by July 4. After months of internal debate, the committee voted today. According to the European Parliament, the draft passed with 31 votes in favor, 6 against, and 3 abstentions. Chief negotiator Bernd Lange described the result as moving to the next stage. The agreement includes a clear safety net, a review mechanism, and safeguards against new US tariffs. Euronews reported that the draft includes compromises, extending the sunset clause to December 31, 2029. Furthermore, if the US does not remove steel and aluminum tariffs by the end of 2026, the EU can suspend the agreement.
FAQ
How does this affect Taiwan?
Trade tensions between the EU and US can impact global supply chains, potentially affecting Taiwan's export-oriented economy.