EU lawmakers extend freeze on work tied to EU‑US trade deal
Published by Global Banking & Finance Review®
Posted on March 4, 2026
2 min readLast updated: March 4, 2026
Published by Global Banking & Finance Review®
Posted on March 4, 2026
2 min readLast updated: March 4, 2026
EU Parliament has suspended indefinitely its work on implementing the Turnberry EU‑US trade deal, citing concerns over US tariff threats and lack of balance in the agreement.
(Refile to remove "Hold" from the headline)
BRUSSELS, March 4 (Reuters) - EU lawmakers have decided not to resume work on legislative proposals related to the EU‑U.S. trade deal, Jorgen Warborn, a member of the centre-right European People's Party grouping in the EU assembly said on Wednesday.
"The U.S. files have been postponed," he said on social media platform X.
The EU assembly has been debating legislative proposals to remove many EU import duties on U.S. goods, a key part of the deal struck in Turnberry, Scotland, last July, as well as to continue zero duties for U.S. lobsters, initially agreed with Trump in 2020. The proposals require approval by the parliament and EU governments.
Many lawmakers have complained that the trade deal is lopsided, with the EU required to cut most import duties while the U.S. sticks to a broad rate of 15%. However, they had previously appeared willing to accept it, albeit with conditions, such as an 18-month sunset clause and measures to respond to possible surges of U.S. imports.
(Reporting by Phil Blenkinsop, Editing by Charlotte Van Campenhout)
EU lawmakers extended the freeze due to concerns about the imbalance in tariff reductions, with the EU required to cut more import duties than the US.
Debates involve proposals to lift many EU import duties on US goods and continue zero duties for US lobsters.
Lawmakers previously discussed accepting the deal with an 18-month sunset clause and measures against surges in US imports.
The trade proposals need approval from both the European Parliament and EU member governments.
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