trade
EU Parliament Backs 'Turnberry' EU-US Trade Framework 417–154 With Sunset Clause
The European Parliament voted 417 to 154 (71 abstentions) to advance a preliminary EU-US trade framework dubbed the 'Turnberry' trade deal, which would set a 15% US tariff rate on EU goods — a significant reduction from the 20% 'Liberation Day' rate — in exchange for EU market opening. Lawmakers attached a sunset clause (deal expires March 2028 unless renewed) and a sunrise clause making tariff preferences conditional on the US meeting its commitments. The broad parliamentary majority signaled political will, but final ratification still requires EU Council approval and US Congressional action. The vote reduced but did not eliminate the risk of a transatlantic trade war escalation.
Media
Sources
- T1 European Parliament, Mar 26 2026 Official western
- T2 Euronews, Mar 26 2026 Major western