Brussels: The European Parliament voted Thursday to approve a trade deal between Washington and Brussels but with amendments added to protect European interests should the United States fail to hold up its end of the bargain.
The deal was negotiated last July in Turnberry, Scotland, by US President Donald Trump and European Commission President Ursula von der Leyen. It set a 15 per cent tariff on most goods in an effort to stave off far higher import duties on both sides that might have sent shock waves through economies around the globe.
New language now says that the deal can be suspended if Washington “undermined the objectives of the deal, discriminated against EU economic operators, threatened member states’ territorial integrity, foreign and defence policies, or engaged in economic coercion.”
That clause was forged because of the tensions over Greenland, said Bernd Lange, a German lawmaker and head of the EU’s parliamentary trade committee. Trump drew widespread condemnation across the 27-nation bloc by threatening to take control
of Greenland.