• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, September 24, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Europe

European Parliament Approves EU-US Trade Deal With Amendments

Comfort Ampomaaby Comfort Ampomaa
March 26, 2026
Reading Time: 5 mins read
Add as Preferred on Google
President of the European Commission Ursula von der Leyen speaks during a European Parliament Plenary session to present the programme of activities of the Hungarian EU Council Presidency.

President of the European Commission Ursula von der Leyen speaks during a European Parliament Plenary session to present the programme of activities of the Hungarian EU Council Presidency.

The European Parliament has voted to approve a trade deal between the European Union and the United States but with amendments added to protect European interests should the US fail to hold up its end of the bargain.

The deal was negotiated last July in Turnberry, Scotland, by US President Donald Trump and European Commission President Ursula von der Leyen, outlined in a joint statement published in August, 2025.

It set a 15% tariff on most goods in an effort to stave off far higher import duties on both sides that might have sent shock waves through economies around the globe.

New language now says that the deal can be suspended if it is determined that Washington “undermined the objectives of the deal, discriminated against EU economic operators, threatened member states’ territorial integrity, foreign and defence policies, or engaged in economic coercion.”

ADVERTISEMENT

Bernd Lange, a German lawmaker and Head of the EU’s parliamentary trade committee, disclosed that, that clause was forged because of tensions over Greenland.

Trump drew widespread condemnation across the 27-nation bloc by threatening to take control of Greenland, a semi-autonomous territory of Denmark. He has backed away from the threat, at least for now.

68046ef6 1d31 484e a590 99fb8cee559c.jpg
US President, Donald Trump.

Lange said at a news conference after lawmakers voted, “If this would happen again, then immediately the tariffs would be installed.” He said that the the protective modifications were “weatherproofing” the Turnberry deal.

He also noted that with the vote, “we have a strong mandate for negotiations with the Council and we intend to make the most of it.” He added that Members of the European Parliament will only be able to sign up to the trade terms of the deal if the regulation contains very strong and clear safeguards, and only after the US has fully respected the terms of the deal. “I intend to defend this mandate firmly in the negotiations,” he added.

“The conditions are clearly defined in Parliament’s position. They include a sunrise clause requiring full US compliance before the regulation can take effect, and a sunset clause ensuring full parliamentary oversight of any extension of the concessions, all the while remaining WTO-compliant. Any further tariff threat, or the failure of the deal to deliver for EU producers and consumers, will lead to the expiry of the legislation.”

Bernd Lange

There were formally two votes to introduce clauses to the deal. One passed 417-154 and the other 437-144 with dozens of abstentions each.

ADVERTISEMENT

The two legislative acts were adopted by 417 votes in favour and 154 against, with 71 abstentions (adjustment of customs duties and opening of tariff quotas for the import of certain goods originating in the US); and 437 votes in favour and 144 against, with 60 abstentions (non-application of customs duties on imports of certain goods). MEPs are now ready to start negotiations with EU governments on the final shape of the legislation.

The US Ambassador to the EU, Andrew Puzder said that the vote would provide “stability and predictability” for US and EU businesses and drive economic growth. “We encourage all parties to think to the future and the importance of unleashing opportunities for businesses on both sides of the Atlantic,” he said.

Malte Lohan, CEO of the American Chamber of Commerce to the European Union, said that the vote is “the right signal for businesses that have been stuck in limbo over the past year” and “a necessary step towards a more predictable transatlantic marketplace.”

ADVERTISEMENT

The EU had paused the deal in the wake of the February ruling of the US Supreme Court that struck down Trump’s use of an emergency powers law to set new import taxes.

The European Commission, the EU executive charged with trade negotiations, had sought clarity on the ramifications of the court ruling.

Croatian lawmaker Željana Zovko noted that despite the trade spat between Brussels and Washington, trade across the Atlantic had grown over the past year. “This resilience proves the trans-Atlantic trade works, and if it works, we should strengthen it, not hold it back,” Zovko said.

Deal To Be Further Negotiated EU Trade Representative And US Counterpart

The deal will now be further negotiated by EU trade representative Maroš Šefčovič and his U.S. counterpart Jamieson Greer, who are meeting on Friday on the sidelines of the World Trade Organization meeting in Yaoundé, Cameroon.

Šefčovič said after the vote in Brussels, “We need the EU-US deal in force on both sides — delivering real certainty for EU businesses and showing that genuine partnership gets results.”

The value of EU-US trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of 4.6 billion euros a day, according to EU statistics agency Eurostat.

Europe’s biggest exports to the US are pharmaceuticals, cars, aircraft, chemicals, medical instruments, and wine and spirits.

Among the biggest US exports to the bloc are professional and scientific services like payment systems and cloud infrastructure, oil and gas, pharmaceuticals, medical equipment, aerospace products and cars.

READ ALSO: Minority Flags E&P Participation in Damang Mine Bid, Cites Conflict of Interest

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Please login to join discussion
Previous Post

Minority Demands Full Disclosure of Damang Mine Documents

Next Post

Fitch Warns Oil Shock Could Hit Ratings

Related Posts

3470
Europe

Rinkēvičs Calls For UN Reform

September 23, 2026
download 100
Europe

Denmark, US Sign Greenland Security Agreement

September 22, 2026
European Commission President, Ursula von der Leyen as EU To Implement ‘Trade Countermeasures’ Against US
Europe

EU, Philippines Reach Preliminary Free Trade Deal

September 22, 2026
EU flag
Europe

EU Urges US To Reconsider Palestinian Officials’ Visa Denial

September 19, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Sophia Akuffo, former Chief Justice

IEA Demands Prior Parliamentary Approval for Natural Resource Contracts

September 24, 2026
Hon. George Mireku Duker

Hon. Mireku Duker Challenges 3% Resource Allocation Cap for Host Communities

September 24, 2026
Edmond Kombat and Mahama 2

Planned US$120m TOR Debt Relief Raises Fiscal Questions

September 23, 2026
Ghana's renewable energy mix

Ghana Urges Africa To Turn Climate Ambition Into Investment

September 23, 2026
map of Ethiopia showing Tigray and Amhara regions

Tigray Forces Seize Airports As Tensions Rise

September 23, 2026
ADVERTISEMENT
Next Post
Fitch Warns Oil Shock Could Hit Ratings

Fitch Warns Oil Shock Could Hit Ratings

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.