By Philip Blenkinsop<\/p>\n
BRUSSELS (Reuters) -The European Parliament began debating on Tuesday whether to make the EU-U.S. tariff deal conditional on concessions from Washington and limited in time, which could reignite trade tensions with the Trump administration.<\/p>\n
Under the deal, the United States is broadly imposing 15% tariffs on EU goods, while the European Union removes many of its duties on U.S. imports, a step that the European Parliament and EU governments need to approve.<\/p>\n
Bernd Lange, the lead overseer in the EU assembly on the topic, set out five conditions to the European Parliament’s trade committee, including an 18-month sunset clause and measures to respond to surges of U.S. imports of a given product.<\/p>\n
Lange said producers of infant milk formula had expressed concern this might happen due to the imbalance of tariffs.<\/p>\n
The German Social Democrat, who chairs the trade committee, said the U.S. must also remove the 50% tariffs it introduced in August, after the deal was struck, on the metal content of 407 products such as wind turbines and motorcycles.<\/p>\n
Under Lange’s plan, the EU would keep in place its tariffs on such U.S. products until a solution was found.<\/p>\n
EU lawmakers will only vote on the plan in late January, but most on Tuesday – from the far-right to the hard-left – voiced their dissatisfaction with the deal. Many supported adding sunset and safeguard clauses and making suspension easier.<\/p>\n
EU lawmakers and EU governments will have to negotiate a common text, which would probably secure final approval next March or April.<\/p>\n
The European Commission, which negotiated the framework agreement, has said it is the best deal on offer, with the alternative a potentially trade-destroying 30% U.S. tariff.<\/p>\n
A Commission official told lawmakers the deal had ensured stability and certainty, and the EU executive was urging Washington to limit tariffs on metal products to 15%.<\/p>\n
(Reporting by Philip BlenkinsopEditing by Gareth Jones)<\/p>\n","protected":false},"excerpt":{"rendered":"By Philip Blenkinsop BRUSSELS (Reuters) -The European Parliament began debating on Tuesday whether to make the EU-U.S. tariff…\n","protected":false},"author":2,"featured_media":548615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[31927,2000,176003,299,5187,1699,20730,176001,176002],"class_list":{"0":"post-548614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-bernd-lange","9":"tag-eu","10":"tag-eu-governments-need","11":"tag-europe","12":"tag-european","13":"tag-european-union","14":"tag-european-parliament","15":"tag-sunset-clause","16":"tag-trade-committee"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/548614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=548614"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/548614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/548615"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=548614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=548614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=548614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}