European Parliament votes to approve EU-US trade deal
BRUSSELS, June 16 (Reuters) - The European Parliament approved on Tuesday cutting duties on many U.S. goods imports to fulfill the European Union's side of a trade deal struck last year, and avert a fresh round of tariff conflict between the world's largest trading partners.
U.S. President Donald Trump struck a deal with the European Union at his Turnberry golf course in Scotland last July under which the EU agreed to remove import duties on U.S. industrial goods and provide preferential access to U.S. farm produce in return for U.S. tariffs of 15% on most EU goods.
Almost 11 months after that framework agreement, the EU had yet to pass legislation to implement those duty reductions. Trump threatened to impose "much higher" tariffs if the EU did not act by July 4.
