EU-US trade deal greenlit: Parliament and Council agree on 15% tariff cap through 2029
On 20 May 2026, the Council Presidency and the European Parliament reached a provisional agreement on two regulations implementing the EU-US Joint Statement of August 2025, fixing a 15% tariff ceiling on EU exports to the US with a sunset clause through 2029. The deal also includes a robust safeguard mechanism on steel and aluminium.
