European Parliament votes to advance legislation on US-EU trade agreement

LootboxPhobia · 2026-03-26T17:44:24+00:00

The European Parliament recently voted to support legislation advancing the EU-U.S. trade agreement, with 417 votes in favor, 154 against, and 71 abstentions. The legislation includes removing tariffs on American industrial goods and expanding agricultural product access, reflecting concerns about the implementation of the agreement. The final text will be negotiated with member states and is expected to be voted on in April or May.

LootboxPhobia

2026-03-26 17:44:24

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Investing.com – The European Parliament voted on Thursday to advance legislation implementing the trade agreement commitments between the EU and the United States, with a vote of 417 in favor, 154 against, and 71 abstentions.

The legislation includes provisions to eliminate EU tariffs on U.S. industrial imports and to expand access for American agricultural products, which are core components of the agreement reached in July last year in Turnberry, Scotland. These measures also extend zero-tariff treatment for U.S. lobsters, a policy initially established in 2020.

The European Parliament incorporated several safeguards into the legislation, reflecting concerns over whether the U.S. will adhere to the agreement, given ongoing uncertainties surrounding President Trump’s tariff policies and new import taxes.

Thursday’s vote did not finalize the legislation. Representatives from the European Parliament and EU member states will negotiate the final text, after which EU lawmakers will hold a final approval vote, expected to take place in April or May.

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