European ParliamentŌuzhōu Yìhuì欧洲议会to advance / to push forwardtuījìn推进US-EUMěi-Ōu美欧trade agreementmàoyì xiéyì贸易协议,to attach / to add onfùjiā附加safeguardbǎozhàng保障clausetiáokuǎn条款。
March 26, 2026 at 8:00 PM
New Words
News in English
BusinessEU Parliament Votes to Advance US-EU Trade Deal With Safeguard Conditions
The European Parliament voted 417 to 154 on March 26 to advance the US-EU trade agreement, while adding a sunrise clause requiring the US to cut tariffs on European steel and aluminum before the deal takes effect.
On March 26, the European Parliament passed a resolution advancing the US-EU trade agreement with 417 votes in favor. This agreement is based on the US-EU accord reached in July 2025 in Scotland.
According to the agreement, the United States will impose 15 percent tariffs on EU goods, while the EU will eliminate all tariffs on US industrial products.
However, the European Parliament added three protective clauses: sunrise, sunset, and suspension provisions as safeguards.
The sunrise clause requires the United States to first reduce tariffs on EU steel and aluminum products to 15 percent before the EU can begin reducing tariffs.
Currently, European Parliament representatives and EU member states will begin final negotiations on April 13. The final vote is expected to take place in May or June of this year.
More in Business
MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Samsung (South Korean electronics company)Sānxīng三星、SK Hynix (South Korean memory chipmaker)SK HǎilìshìSK海力士and / together withyǔ与Micron (US semiconductor company)Měiguāng美光to race to / to vie injìngxiāng竞相to expand / to increasekuòdà扩大AI / artificial intelligenceAIAImemory (computing)nèicún内存chip / semiconductor chipxīnpiàn芯片production capacitychǎnnéng产能。
Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity
ChinaZhōngguó中国artificial intelligenceréngōng zhìnéng人工智能companygōngsī公司MiniMax (Chinese AI company)MiniMaxMiniMaxto completewánchéng完成$2 billionèrshí yì měiyuán二十亿美元fundraising / financingróngzī融资。
Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale
PepsiCoBǎishì Gōngsī百事公司earnings / performanceyèjī业绩lower than / belowdīyú低于expectation / forecastyùqī预期,the United StatesMěiguó美国stock marketgǔshì股市slightly / marginallyxiǎofú小幅to rise / to increaseshàngzhǎng上涨。
PepsiCo Earnings Disappoint as US Stocks Edge Higher