The EU is preparing to implement measures to eliminate import tariffs on several U.S. goods starting July 1, 2569, in accordance with the trade agreement, with the tariffs remaining in effect until December 31, 2572.
June 30, 2569 at 14.02:XNUMX a.m., Reuters reported that The European Union (EU) is preparing to eliminate import tariffs on several US goods starting July 1, 2569, in accordance with a trade agreement reached by both sides last year. These measures will remain in effect until December 31, 2572, according to a legal document published by the EU.
European Commission specify that If deemed appropriate, an evaluation report will be prepared and draft legislation will be proposed to extend the enforcement period of these measures.
Under the trade agreement, the EU agreed to eliminate import tariffs on several types of industrial goods from the United States, paving the way for greater access to U.S. agricultural products in the European market. In addition, it expands the exemption from import duties on lobsters from the United States, a secondary agreement made during Donald Trump's first term.
However, EU law provides for several safeguards, allowing the European Union to withhold tariff benefits if the United States fails to comply with the terms of a trade agreement or violates its agreed-upon obligations.
refer : www.reuters.com
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