By Philip Blenkinsop BRUSSELS, March 26 (Reuters) - The European Parliament advanced legislation on Thursday to fulfil the European Union's side of its trade agreement with the United States after
EU lawmakers advance US trade deal with multiple safeguards
Progress and Safeguards in the EU-US Trade Agreement
By Philip Blenkinsop
BRUSSELS, March 26 (Reuters) - European Union lawmakers advanced legislation on Thursday to fulfil the bloc's side of its trade agreement with the U.S., after months of uncertainty over President Donald Trump's tariff threats and new import levy.
The EU assembly voted by 417 to 154, with 71 abstentions, in favour of the legislation although with added safeguards, reflecting concerns that Washington may not stick to the deal struck in Turnberry, Scotland, last July.
Key Safeguards and Legislative Details
The safeguards include a potential suspension clause, among others, and lawmakers insist the U.S. remove 50% duties imposed a month after the Turnberry deal on the steel and aluminium content of products such as wind turbines and motorcycles.
European Trade Commissioner Maros Sefcovic called the vote a "crucial step", delivering certainty for EU businesses.
The U.S. Mission to the EU said it welcomed the vote.
Debate on Import Duties and Market Access
The European Parliament has been debating proposals to remove EU import duties on U.S. industrial goods and improve access for U.S. agricultural produce, a key part of the deal, as well as to continue zero duties for U.S. lobsters, initially agreed with Trump in 2020.
Next Steps in the Legislative Process
Parliament's vote on Thursday is not the end of the process. Representatives of parliament and EU governments will negotiate final texts, starting on April 13, ahead of a final vote of approval by EU lawmakers not expected before June. EU governments approved the legislation in November with more limited safeguards.
Parliamentarians' Concerns and Criticisms
Trade Imbalance and Tariff Issues
PARLIAMENTARIANS' CONCERNS
The U.S. is the EU's largest trading partner, with EU exports to the U.S. rising to a record 555 billion euros ($641 billion) in 2025.
In a debate before the vote, many parliamentarians said the trade deal was lopsided, with the EU required to cut most import duties while the U.S. sticks to a broad rate of 15%.
Voices from the Parliament
Bernd Lange, the chair of the parliament's trade committee, said it was not really an agreement at all. Belgian Social Democrat Kathleen Van Brempt called it a bad deal.
"It does not bring stability. It does not protect us from tariffs, threats and coercion," she said.
Delays and Additional Safeguards
The EU assembly had been due to vote on the legislation at the start of the year, but halted work after Trump threatened to impose new tariffs on European allies that did not back his proposed acquisition of Greenland and then launched an import surcharge.
The added safeguards include a sunrise clause to make EU import duty reductions conditional on Washington honouring its side of the bargain, a sunset clause under which the tariff concessions expire on March 31, 2028, and a clause to suspend the deal if Washington breaches the terms of the deal or if there is a damaging surge of U.S. imports.
(Reporting by Philip Blenkinsop, Editing by Inti Landauro, Timothy Heritage and Mark Potter)
