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European Parliament committee moves to cut US tariffs, averting a trade clash

European Parliament committee moves to cut US tariffs, averting a trade clash

ReutersTue, June 2, 2026 at 7:56 AM UTC

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European Parliament committee moves to cut US tariffs, averting a trade clash

BRUSSELS, June 2 (Reuters) - A European Parliament ‌committee voted ‌on Tuesday to remove ​EU import duties on many U.S. goods, a step to ‌comply ⁠with the trade deal agreed with ⁠the United States last year ​and avert ​the ​return of ‌transatlantic tariff conflict.

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The legislation still needs to be approved by the full EU ‌assembly in ​mid-June, but ​the ​committee backing ‌on Tuesday gives ​a ​strong indication of how that decisive ​vote ‌will go.

(Reporting by ​Phil Blenkinsop;Editing by ​Sudip Kar-Gupta)

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Source: “AOL Money”

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