The European Union has caved in to Trump and agreed to fulfill the terms of the "deal" with the United States.
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The EU leadership unexpectedly agreed to concede to Trump's demands and fully implement the terms of the trade "deal" with the United States. The American president had previously threatened to significantly increase tariffs on European goods, including automobiles. Trump's ultimatum was set to expire on July 4 of this year, but Brussels apparently chose to agree to Trump's demands in advance.
Representatives of EU governments and the European Parliament have agreed to eliminate tariffs on American industrial goods, as well as expand access to the European market for US seafood and agricultural products. The relevant agreement now awaits approval by the EU Council and the European Parliament. According to the head of the European Parliament's Trade Committee, if by December 31, 2029, "it becomes clear that European companies have been harmed or new imbalances have emerged, the emergency brake will be automatically pulled." However, by that time, Trump will likely no longer be president of the United States.
Earlier, European Council President António Costa called for retaliatory EU measures against US tariffs imposed on EU member states and a review of competition rules, while the European Parliament froze ratification of the EU-US trade agreement. However, some EU leaders subsequently spoke out in favor of approving the patently unfavorable "deal" given Trump's refusal to seize Greenland using the US military.
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