Quick Take — Which US foods will enter Europe duty-free

With this agreement, the EU eliminates customs duties on all US industrial products and grants preferential market access for a wide range of US fish and agricultural products including nuts, dairy products, fresh and processed fruit and vegetables, processed foods, seeds, soybean oil, pork and bison meat, as well as lobster both fresh and processed.

In parallel, the regulations introduce strong safeguards to protect the European industry. A system of constant monitoring of trade flows will be in place, allowing rapid intervention in the event of sudden and damaging increases in US exports. In specific circumstances, the EU will also be able to suspend tariff concessions in whole or in part, thus enhancing its ability to respond to any imbalances. The new market access regimes will remain in force until the end of 2029 with the possibility of extension…

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Quick Take — EU reaches provisional agreement to finalise trade deal with US

The European Union reached provisional agreement on Wednesday on a bill to eliminate import duties on US products, a key element of the trade deal reached with Washington last July, in a move that is likely to prevent higher US tariffs on EU products.

Under the agreement reached last July at the Turnberry golf resort in Scotland, owned by US President Donald Trump, the EU agreed to eliminate tariffs on US industrial products and grant preferential access to US agricultural and seafood products. In return, the US would impose 15% tariffs on most EU products.

Reuters. We reported on it here : US-Europe relations : hormone meat, GMOs, pesticides, food safety and tariffs. The real ones