EU ambassadors approve 15 percent tariff agreement with the US

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EU ambassadors approve 15 percent tariff agreement with the US
Photo: Jacquelyn Martin/AP/TT

Wednesday's yes applies to the preliminary agreement reached after compromise negotiations with the European Parliament last week.

“We have secured robust safeguards to protect the interests of European companies,” a spokesperson for the Cyprus presidency of the Council of Ministers said in a written statement.

This means that "only" three more formal yes votes remain - from the European Parliament's Trade Committee, the entire European Parliament and the EU Council of Ministers - before the long-drawn-out process is complete regarding the tariff agreement reached between Commission President Ursula von der Leyen and US President Donald Trump in Scotland last year.

In principle, it means a 15 percent tariff on most goods from the EU to the US.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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