EU Council Gives Final Approval to US Tariff Deal, Locking In Transatlantic Trade Reductions Before July 4 Deadline

Summary

The Council of the European Union formally adopted two regulations on June 25 implementing tariff commitments under the 2025 EU-US Joint Statement, eliminating remaining EU customs duties on US industrial goods and granting preferential access for selected US seafood and non-sensitive agricultural products. The package includes safeguard mechanisms allowing the EU to suspend preferences if US imports threaten serious injury to domestic producers. The move provides predictability for transatlantic commerce — the world’s largest bilateral economic relationship — while preserving tools to protect European industry if trade flows become disruptive.