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Market Chatter: EU Member States Approve Legislation of US Trade Deal

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Ambassadors from European Union member states have approved legislation to impose the 27-nation bloc's commitments in a trade deal with the US, Reuters reported Wednesday, citing a source with knowledge of their meeting.

The legislation includes measures to cut import duties on certain industrial goods from the US and an acknowledgment of a 15% tariff on EU exports to the world's biggest economy.

The European Parliament and the European Council last week agreed on the texts of the trade deal, which was agreed with the US during the third quarter of 2025. The legislation will be put to a vote at the Parliament's trade committee on June 2 before heading to a full assembly vote in the middle of next month.

The European Commission and European Parliament did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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