European Parliament pauses approval of EU-US tariff settlement

Published:

European Parliament pauses approval of EU-US tariff settlement
Photo: Tatan Syuflana/AP/TT

The European Parliament has formally decided to pause the approval process for this summer's tariff settlement between the EU and the US.

"We have no other option," Bernd Lange, a German Social Democrat and chairman of the Parliament's Trade Committee, said in a press release.

"By threatening the territorial integrity and sovereignty of an EU member and by using tariffs as an instrument of pressure, the US is undermining the stability and predictability of the trade relationship," Lange said in the statement.

Parliament's trade committee is expected to discuss Monday whether to ask the European Commission to start the process of using the EU's anti-coercive instruments against the US.

"But right now I don't see any major movement from the US side," Lange said at a press conference in Strasbourg.

Loading related articles...

Tags

Author

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

More news

Loading related posts...