2026/6/25 19:24 (updated at 6/25 20:32) Please agree to our privacy policy to enable the news listening function. The picture shows the American flag and the European Union flag. (Photo taken from facebook.com/EuropeanCommission) (Central News Agency, Brussels, comprehensive foreign news report on the 25th) The tariff agreement reached by the European Union (EU) and the United States a year ago was finally approved by member states today, and it came into effect before the July 4 deadline set by U.S. President Trump. Most European goods will be subject to a 15% tariff, while American industrial products enjoy zero tariffs. Agence France-Presse reported that the agreement was reached in July last year between Trump and European Commission President Ursula von der Leyen, and that EU member states had previously substantially agreed to the content of the agreement. The two regulations proposed by the EU to make the agreement come into effect are to exempt U.S. industrial products from tariffs and to provide preferential access to specific seafood and agricultural products. After being passed by the European Parliament earlier this month, the final legislative obstacles were cleared for the agreement to take effect, allowing EU countries to sign it. However, the European Parliament also added a series of safeguards, including giving the European Commission the power to suspend the agreement if the United States fails to fulfill its commitments or takes actions to interrupt trade and investment; it also sets the condition that the agreement must be renewed by the end of 2029 at the latest, otherwise the agreement will expire by then. The EU said in a statement that the final approval of the agreement “confirms the EU’s commitment to maintaining a stable, predictable and mutually beneficial transatlantic trading relationship, while also maintaining the necessary safeguards to safeguard Europe’s economic interests.” (Compiled by: Zhang Zhengqian) 1150625 Support Central News Agency’s choice to stand with the facts. Every donation you make is a small amount of support to protect press freedom. Download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.
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