EU Approves US Trade Deal with Safeguards

0:00The European Parliament has approved a key trade deal between the United States and the European Union, but with added safeguards to protect European interests, if the U.S. side falls short. Negotiated last July in Turnberry, Scotland, the agreement sets a 15% tariff on most goods to avoid much steeper duties that could rattle. Global economies Lawmakers inserted a clause allowing suspension if Washington undermines the deal, discriminates against EU businesses, threatens member states, security, or uses economic pressure. This move stems from tensions over the U.S. President's past threats to control Greenland, a Danish territory, which drew sharp criticism across Europe. German lawmaker Bernd Lang called the changes a way to make the pact more secure against future surprises. Business leaders and officials welcomed the vote, saying it brings stability after a year of uncertainty and highlights the strength of transatlantic trade, which has grown despite spats, votes pass overwhelmingly 417-154-437-144.

1:06Now EU trade chief Meroi Afoiovich and his U.S. counterpart will refine details during talks on the sidelines of the World Trade Organization meeting. In Yawnday, Cameroon, aiming for quick certainty for companies on both sides of the Atlantic. Canada news today, powered by AI bringing you what matters. I'm Corey with The Story.