EU resumes work on US trade tariff settlement

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EU resumes work on US trade tariff settlement
Photo: Tatan Syuflana/AP/TT

The European Parliament is resuming the process of approving the tariff settlement reached with the US this summer.

"A vote could potentially take place at the next committee meeting on February 24," wrote German MEP Bernd Lange, chair of the parliament's trade committee, in a statement after Wednesday's decision.

The process surrounding the tariff settlement was paused after US President Donald Trump threatened punitive tariffs against countries that had shown support for Denmark, including Sweden, by sending military representatives to Greenland.

That the pause is now being called off was expected after Trump backed down from the tariff threat and slightly toned down his rhetoric on Greenland. Several Swedish MEPs welcome that work is now moving forward.

"We are not afraid to put our foot down against Trump if he does so again, but we must ensure that the measures do not unnecessarily affect Swedish companies," said Adnan Dibrani (S) in a statement to TT.

The European Parliament's handling of the tariff settlement formally concerns only two smaller parts: first, removing tariffs on industrial products and extending that to seafood and certain agricultural products; and second, a much narrower measure on extended duty-free access for various types of lobster.

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

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