European Parliament Ratifies U.S. Trade Pact Aimed at Reducing Tariffs

The European Parliament voted to approve a trade agreement with the United States. Lawmakers said the pact is designed to lower tariffs on a range of goods. The approval marks a key step toward finalizing the transatlantic trade deal. EU officials highlighted the expected boost to export competitiveness. The United States has pledged to reduce duties on European products. The agreement is intended to strengthen economic ties between the two blocs. Critics caution that further negotiations may be needed to address regulatory issues. The next phase involves ratification by member states before the deal can take effect.