The European Union has struck a provisional agreement to implement a trade pact with the U.S. It includes a safeguard mechanism that would let Brussels suspend tariff reductions in the event that U.S. imports harm European industry. President Donald Trump had said he would give the EU until July 4 to ratify its trade agreement with Washington, threatening to raise tariffs to “much higher” levels if it failed to do so. Ursula von der Leyen (CDU), President of the European Commission, sits on the podium at the Charlemagne Prize ceremony
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