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The EU struck a provisional agreement on Wednesday on legislation to remove import duties on U.S. goods.
The EU reached a provisional agreement to remove import duties on U.S. industrial goods.
KEY POINTS
- Safeguards are included in the agreement to reverse EU tariff cuts if the U.S. backtracks.
- A final vote in the European Parliament is expected in mid-June, meeting Trump's July 4 deadline.
- EU lawmakers sought a 'sunrise clause,' suspension option, and 'sunset clause' for tariff cuts.
COMPANIES
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