EU–United States Turnberry Agreement: European Parliament Approval Despite U.S. Tariffs – Towards Tariff De-escalation? Under What Conditions?
Against a backdrop of persistent trade tensions between the European Union and the United States, the Turnberry Agreement represents an attempt to stabilise the transatlantic tariff framework. The European Parliament’s approval, subject to substantial safeguards, reflects a more structured approach to trade liberalisation. Combining partial tariff elimination with safeguard mechanisms, the agreement seeks to strike a balance between market openness and the protection of European economic interests.