"A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels."
"The EU struck the deal with Trump in July last year. It called for a maximum tariff of 15% on most European imports into the US. In return, Brussels pledged to slash tariffs on US industrial goods and easing market access for US agricultural products such as pork and dairy."
"The EU's implementation of the deal was delayed by several factors affecting the bilateral relationship between the US and the EU. Frustration over other tariff threats by Trump, the dispute over his bid to annex Greenland, and the legal uncertainty triggered by a US Supreme Court ruling that found many of his existing tariffs unlawful, all had an effect in slowing progress on the deal's adoption."
Trump issued an ultimatum to the European Union regarding a trade deal struck in July, requiring formal approval and implementation by the US's 250th birthday or face increased tariffs. The agreement caps tariffs at 15% on most European imports while requiring the EU to reduce tariffs on US industrial goods to zero and improve market access for agricultural products. EU approval has been delayed due to frustration over Trump's other tariff threats, disputes over Greenland annexation, and legal uncertainty from a Supreme Court ruling on existing tariffs. EU lawmakers approved the deal in March but sought additional safeguards. Implementation now requires negotiation with all member states, with Cyprus holding rotating presidency discussions scheduled for May 19.
Read at www.dw.com
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