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EU Council Approves EU-US Steel Deal with Safeguards

6/16/2026

Summary

Story summary

The EU Council will approve on June 26 an EU-U.S. steel and aluminum trade deal, praised by EU Commission President Ursula von der Leyen.
The deal lets European Parliament request suspension if United States does not lower duties by 2026.
Trade lawmaker Bernd Lange secured safeguards after President Donald Trump threatened Greenland annexation, warned Spain of an embargo, and warned United States could raise tariffs if EU does not finalize the deal by July 4.

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Story summary

The EU Council will approve on June 26 an EU-U.S. steel and aluminum trade deal, praised by EU Commission President Ursula von der Leyen.
The deal lets European Parliament request suspension if United States does not lower duties by 2026.
Trade lawmaker Bernd Lange secured safeguards after President Donald Trump threatened Greenland annexation, warned Spain of an embargo, and warned United States could raise tariffs if EU does not finalize the deal by July 4.