EU Parliament approves EU-U.S. trade deal legislation

BRUSSELS, June 16– The European Parliament on Tuesday approved legislation implementing the EU-U.S. trade deal, marking the final parliamentary step before the agreement formally takes effect.

The legislation removes most tariffs on industrial and agricultural goods from the United States and adds safeguard mechanisms, stipulating that the agreement will remain in force until the end of 2029 unless it is renewed. It also allows the European Union (EU) to suspend the agreement if Washington fails to honor its commitments or takes measures that disrupt trade and investment.