the Turnberry Agreement
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Senior MEP fears Airbus-Boeing dispute could reignite EU-US tensions
German MEP Bernd Lange fears the end of a crucial corporate truce could give the US grounds to breach the Turnberry agreement, which the European Parliament is expected to adopt next week. German MEP Bernd Lange, chair of the European Parliament's trade committee, has warned that the long-running Airbus-Boeing dispute could jeopardise the EU-US trade agreement struck last summer if transatlantic tensions flare again in the coming weeks. The implementation of the Turnberry Agreement, clinched...
New forced labor tariffs are in line with US-EU deal, insists Trump trade official
PARIS — Trade Representative Jamieson Greer said Thursday that proposed new U.S. tariffs on European exports are compatible with the transatlantic trade deal struck last summer at President Donald Trump’s Turnberry golf resort in Scotland. “The Turnberry agreement says that the European Union agrees and acknowledges that the United States can impose tariffs up to a certain level,” Greer said in Paris on the sidelines of a ministerial meeting at the Organisation for Economic Co-operation and...
US tariff threats over forced labour “unjustified”, Commission says
The EU hit back at US threats of fresh tariffs over forced labour, saying its rules are among the most stringent in the world for banning imports and exports of goods linked to forced labour. The European Commission said on Wednesday that new US tariff threats linked to forced labour were “unjustified”, arguing that EU legislation is already robust enough to ban such products. The move comes as the EU prepares to implement a contentious trade deal struck last summer between US President...
EU trade lawmakers back compromise on deal with Trump
BRUSSELS — The European Parliament’s trade committee approved by a wide majority a compromise struck with EU governments and the Commission on legislation to implement a trade deal with the United States. Lawmakers backed, by 31 votes to six, with three abstentions, changes to legislation under which the EU agreed to eliminate tariffs on U.S. industrial goods and some agricultural products — a key pillar of the agreement struck last summer at Donald Trump’s golf resort in Turnberry,...
Trade MEPs back EU–US deal despite watered-down safeguards
Members of the European Parliament's trade committee approved the EU-US trade deal, paving the way for its final adoption in June, despite some MEPs' concerns over US President Donald Trump's coercive approach. Lawmakers on the European Parliament's Committee on International Trade on Tuesday approved legislation eliminating EU duties on most US industrial goods, paving the way for a final adoption of the EU-US deal in plenary later this month. The two legislative files which formed the deal...
Newsletter: The moving pieces of the EU’s enlargement
Also in this newsletter: The EU's trade chief to meet his Chinese counterpart in Paris amid escalating trade tensions; and Europe Today speaks exclusively to Lebanese culture minister Ghassan Salamé after Israel and Lebanon agreed a conditional ceasefire overnight. Good morning from Brussels. We start with a major development in Ukraine’s bid to join the European Union.
Germany pushes back on US attack over streaming law
Germany has rejected US accusations that its proposed streaming investment law violates the EU-US Turnberry trade pact, asserting it is a cultural policy measure, not a digital trade barrier. The draft legislation mandates that streamers invest at least 8% of their German revenue into local film and television production to avoid penalties. This dispute follows the recent implementation of the transatlantic trade agreement.
EU launches major tech push to break US and China dependence
The EU is betting big on cloud computing and chips to reduce its technological dependence on the US and China, and to re-enter the global tech race. But whether it will succeed and how the two superpowers will react remain open questions. The European Commission has presented a sweeping package to boost homegrown technologies and reduce dependency on American and Chinese companies.