The European Parliament and the Cypriot presidency, representing EU member states, failed to reach a deal last night on eliminating EU tariffs on US industrial goods as agreed under the Turnberry agreement struck last summer.
The setback comes just days after the US intensified pressure on European negotiators by threatening to impose 25% tariffs on EU cars — exceeding the 15% ceiling on US tariffs for EU goods agreed last summer by US President Donald Trump and European Commission President Ursula von der Leyen in Turnberry.
