European Parliament Approves EU-US Trade Deal with Tariff Disparities

The European Parliament has granted conditional approval to a new trade agreement that reduces EU tariffs on US goods to zero while setting US tariffs on EU imports at 15 percent. This asymmetrical arrangement favors European exporters and could reshape global trade dynamics between the two economic superpowers. The deal represents a significant shift in transatlantic economic policy, potentially altering supply chains and consumer prices in both regions.