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Oxford PPE graduate Jonathan Wilkinson named Canada’s EU Ambassador in diplomatic appointment

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  A University of Oxford graduate has been appointed as Canada’s next ambassador to the European Union, marking a significant diplomatic...
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Switzerland expands Russia, Belarus sanctions in step with EU crackdown

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Eurozone inflation climbs to 3.0% in April as energy and services drive price growth

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Belgium sees sharp drop in foreign investment, lowest level in over a decade

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Latest News

Oxford PPE graduate Jonathan Wilkinson named Canada’s EU Ambassador in diplomatic appointment

Oxford PPE graduate Jonathan Wilkinson named Canada’s EU Ambassador in diplomatic appointment Oxford PPE graduate Jonathan Wilkinson named Canada’s EU Ambassador in diplomatic appointment
  A University of Oxford graduate has been appointed as Canada’s next ambassador to the European Union, marking a significant diplomatic...
Read More...

EU Parliament urges action to close gender care gap across Europe

EU Parliament urges action to close gender care gap across Europe EU Parliament urges action to close gender care gap across Europe
  The European Parliament has called for sweeping reforms to improve support for both formal and informal carers, warning that women continue...
Read More...

Switzerland expands Russia, Belarus sanctions in step with EU crackdown

Switzerland expands Russia, Belarus sanctions in step with EU crackdown Switzerland expands Russia, Belarus sanctions in step with EU crackdown
  Switzerland on Friday broadened its sanctions against Russia and Belarus, aligning with parts of the European Union’s latest measures...
Read More...

EU fuel prices surge again in April as diesel costs spike across bloc

EU fuel prices surge again in April as diesel costs spike across bloc EU fuel prices surge again in April as diesel costs spike across bloc
  Fuel prices across the European Union continued their sharp upward climb in April 2026, with consumers facing the steepest annual increases...
Read More...

EU growth slows as Middle East conflict sparks fresh energy shock and inflation surge

EU growth slows as Middle East conflict sparks fresh energy shock and inflation surge EU growth slows as Middle East conflict sparks fresh energy shock and inflation surge
  The European Commission’s Spring 2026 Economic Forecast projects a marked slowdown in economic activity across the EU, as the conflict...
Read More...

Eurozone inflation climbs to 3.0% in April as energy and services drive price growth

Eurozone inflation climbs to 3.0% in April as energy and services drive price growth Eurozone inflation climbs to 3.0% in April as energy and services drive price growth
  Inflation across the euro area accelerated sharply in April, reaching its highest level in nearly a year as rising energy and services...
Read More...

Belgium sees sharp drop in foreign investment, lowest level in over a decade

Belgium sees sharp drop in foreign investment, lowest level in over a decade Belgium sees sharp drop in foreign investment, lowest level in over a decade
  Belgium recorded its lowest number of new foreign investment projects since 2014, with inflows falling 11 per cent in 2025, according...
Read More...

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The European Parliament’s International Trade Committee has approved key measures to reduce tariffs on US agricultural and industrial products, while introducing safeguards to

protect European interests against potential American trade actions. The vote, held on Thursday, saw 29 MEPs in favor, 9 against, and 1 abstention.

Bernd Lange (S&D, DE), the Parliament’s rapporteur on the file, hailed the move as a “broad majority behind a strong text” aimed at fostering stability, fairness, and predictability in EU-US trade relations. “Our message is clear: Parliament will have the final say on the application of this deal,” Lange said.

Suspension and sunrise clauses ensure EU protection

The approved legislation includes two critical protective mechanisms:

- Suspension Clause: Any US tariffs imposed on the EU due to foreign policy decisions will trigger an immediate suspension of EU tariff reductions on American products. “Tariff threats against one of us are a threat against all of us,” Lange emphasized.

- Sunrise Clause: Tariff preferences for US goods will only come into effect once the US fully honors the commitments outlined in the Turnberry Deal, ensuring reciprocity in trade obligations.

Steel, aluminum, and EU product protections

The agreement also establishes conditions on EU products containing steel or aluminum. Tariffs on products with less than 50% steel or aluminum will drop from 50% to 15%, but only once the US respects its obligations. Lange highlighted that any US decision to raise Section 122 tariffs would immediately trigger the suspension of EU tariff reductions.

The legislation integrates what Parliament negotiators call the five “S’s”: steel and aluminum safeguards, a sunset clause, a standstill provision, a safeguard mechanism, and a strengthened suspension article, ensuring robust protection for European industries.

Path forward

The two legislative proposals will now go to the full European Parliament for a plenary vote on 26 March. If approved, negotiations with EU member states will commence to finalize the legislation governing US imports.

The measures stem from the Turnberry Deal, reached politically in July 2025, and formalized in the August 2025 EU-US Framework Agreement. The agreement aims to streamline tariffs on industrial and agricultural products while reinforcing mechanisms to prevent unfair trade practices.

“Today’s vote marks a step toward a positive trade dynamic, where tariff threats are eliminated and businesses and consumers can plan with confidence,” Lange concluded.

deneme