Brussels could lose “favorable” access to American gas if it fails to “go forward” with the agreement, Washington’s envoy has warned
The US ambassador to the EU has urged Brussels to ratify the previously signed trade deal with Washington or risk losing “favorable” access to American energy supplies.
Under the deal reached last summer, the bloc agreed to a baseline tariff of 15% for all EU goods entering the US, while slashing its own levies on US industrial goods and some agricultural products to zero. The EU also agreed to buy $750 billion worth of US energy by 2028. The European Parliament is scheduled to vote on its ratification this week.
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