EU Chief Says ‘A Deal Is A Deal’ As Bloc Confirms US Trade Pact To Dodge Trump’s Tariff Threats

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The European Union (EU) confirmed a trade agreement with the U.S. early Wednesday, potentially sidestepping the tariffs President Donald Trump had threatened to impose.

Representatives from the European Parliament, the Council of the EU, and the European Commission reached a consensus after over five hours of deliberations. The agreement is rooted in a deal made last summer at Trump’s golf resort in Turnberry, Scotland.

“The EU walks the talk, while defending our interests. Once approved, it’ll boost transatlantic stability and cooperation, stated EU trade chief Maroš Šefčovič.

Meanwhile, EU Chief Ursula von der Leyen welcomed the European Parliament and Council’s agreement to lower tariffs on U.S. industrial exports to the EU, saying it fulfills part of the EU-U.S. Joint Statement and urging lawmakers to quickly finalize the process to support stable and mutually beneficial transatlantic trade.

“A deal is a deal, and the EU honours its commitments,” she wrote.

Full story available on Benzinga.com

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