EU Reaches Provisional Agreement on EU-US Trade Deal with Expiry and Safeguard Clauses

Published: May 23, 2026 15:30

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Under this provisional agreement, the tariff concessions granted by the EU on US industrial products, certain agricultural products, and seafood will expire on the originally scheduled date if both sides do not decide to extend them. In addition, the EU plans to establish a "safeguard mechanism": if US goods imports surge sharply and cause serious damage to EU industry or agriculture, the European Commission will have the authority to launch an investigation and suspend the corresponding tariff concessions. Regarding steel and aluminum products, if the US maintains tariffs exceeding 15% on EU steel and aluminum derivative products before the end of 2026, the European Commission will likewise have the authority to suspend certain tariff concessions.

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