A new balance in transatlantic trade with reductions in tariffs, but strict mechanisms of the European economy.
The new trade architecture taking shape between the European Union and the U.S. is bringing changes to transatlantic trade, as the two sides move forward with regulations that affect the flow of industrial, agricultural, and fishery products. The decision by the European Parliament marks a new phase in the 2025 agreement, aimed at facilitating trade while also maintaining controls against potential disruptions in the European market. The focus is on the terms of access for U.S. products, the implications for European manufacturing sectors, and the mechanisms that will be activated in the event of trade pressures or increased imports.
The European Parliament has approved two legislative acts implementing the EU’s tariff commitments under the EU-US Agreement of 2025. The regulations provide for the elimination of tariffs on US industrial products and the granting of preferential access for specific agricultural products and seafood, while the duty-free import of lobster is also extended.
Strong safeguards
At the same time, strong safeguards are being introduced to protect the European economy. Specifically, the agreement includes a sunset clause set for 2029, the option to suspend concessions in the event of high U.S. tariffs on steel and aluminum products, as well as a safeguard mechanism in the event that imports increase and cause harm to the EU’s industry and agriculture.
The agreement is accompanied by strict monitoring mechanisms, such as a sunset clause in 2029, the possibility of suspending concessions if the U.S. maintains high tariffs on steel and aluminum products, as well as a safeguard mechanism to protect European industry and agriculture in the event of a surge in imports.
The European Commission will closely monitor the implementation of the agreement and submit regular reports. The legislation will enter into force following final approval by the Council of the EU.
