The European Union’s side of a trade deal struck with the United States last year will come into force on July 1, according to a formal European Union regulatory filing. This deal will remove import duties on many US goods, including industrial goods and farm produce.
Key Provisions
The agreement includes the removal of import duties on US industrial goods and provides preferential access to US farm produce. It also extends duty-free imports of US lobster, a mini-deal struck with the Trump administration during his first term as president.
The EU legislation expires at the end of 2029 and includes multiple safeguards that would allow the EU to suspend concessions if the United States breaches the trade deal’s terms.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
