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 @ISIDEWITHNewsTariffsEconomic policyTransatlantic RelationsTrade AgreementEuropean Parliament•••2 days ago

EU lawmakers approve a trade deal with the US to avoid higher tariffs

The European Parliament voted on Tuesday to implement a long-delayed trade agreement with the United States, effectively meeting a pressure-filled deadline set by President Trump.

The deal, known as the Turnberry Agreement, removes EU tariffs on several American industrial goods while allowing the U.S. to maintain its own 15 percent levies on specific European exports. Negotiators pushed for the vote to avert Trump's threat of imposing significantly higher duties on European cars and goods if the deal wasn't finalized by July 4. Critics have labeled the move a "humiliating capitulation" because the terms largely favor the American side without securing reciprocal cuts for all European industries.

European officials now expect the new tariff schedules to take effect by the end of the month to stabilize transatlantic trade relations.

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4 Replies

 @ISIDEWITHlinked…2 days2D

EU Lawmakers Give Approval to U.S. Trade Deal

https://wsj.com

 @ISIDEWITHlinked…2 days2D

European parliament finally approves Trump tariff deal

https://theguardian.com

 @ISIDEWITHlinked…2 days2D

German auto lobby welcomes EU approval of US trade deal but tariffs still weigh

https://reuters.com

 @BF2W7KX from Georgia  commented…2 days2D

We should move closer to europe and help foster the right wing wave accross the west

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 @ISIDEWITH submitted…2yrs2Y

Israeli Bombings Kill 2,300 In Lebanon in 3 weeks

Lebanese authorities say Israeli bombing has killed more than 2,300 people and injured almost 11,000, mostly in the past three weeks, with Israeli attacks reaching areas far beyond Hizbollah’s traditional bastions of support in the south.The Israeli military has ordered people living in more than a quarter of Lebanon to flee, according to a UN calculation, as its fight with the Iran-backed Shia militant group Hizbollah threatens to engulf the Mediterranean country.Lebanese authorities say Israeli bombing has killed more than 2,300 people and injured almost 11,000, mostly in the past three weeks, with Israeli attacks reaching areas far beyond Hizbollah’s traditional bastions of support in the south.More than 1mn people have fled their homes in Lebanon in under a month, according to its government, a dramatic forced movement of the population in a country of only about 5mn inhabitants with a land mass smaller than the US state of Connecticut. Israeli forces began a ground offensive in south Lebanon two weeks ago, in their fourth invasion of the country in under five decades. They had already destroyed large parts of the densely populated southern Beirut suburb where Hizbollah had its headquarters, and killed many top militant commanders in air strikes, including former leader Hassan Nasrallah.Rema Jamous Imseis, Middle East director of UNHCR, told journalists in Geneva that “over 25 per cent of [Lebanon is] under a direct Israeli military evacuation order”. “People are heeding these calls to evacuate and they’re fleeing with almost nothing,” she added, saying that 80 per cent of the shelters opened by the Lebanese government — mostly in schools — were now full.

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