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US-EU Deal Caps Tariffs at 15%, Opens Food Markets

6/2/2026

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Summary

Story summary

The deal caps U.S. tariffs on European imports at 15%, removes EU duties on U.S. goods, and opens pork, dairy, and seafood markets.
President Donald Trump set a July 4 deadline for EU ratification, threatening tariffs, while the European Parliament committee approved duty cuts 31-6-3.
EU lawmakers added safeguards moving the sunset clause to end-2029 after Trump’s term and gave the U.S. until year-end to drop taxes above 15% on steel.

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Story summary

The deal caps U.S. tariffs on European imports at 15%, removes EU duties on U.S. goods, and opens pork, dairy, and seafood markets.
President Donald Trump set a July 4 deadline for EU ratification, threatening tariffs, while the European Parliament committee approved duty cuts 31-6-3.
EU lawmakers added safeguards moving the sunset clause to end-2029 after Trump’s term and gave the U.S. until year-end to drop taxes above 15% on steel.