Overview
- The Turnberry framework foresees zero new tariffs on US exports and 15% duties on EU goods, down from a threatened 30% levy.
- It commits the EU to $750 billion in US energy purchases and $600 billion in investments without a formal mandate or signed agreement.
- Several member-state governments sought to avert President Trump’s tariff threat, but opposition parties and the European Parliament have vowed to challenge the accord.
- Prominent figures such as Guy Verhofstadt and François Bayrou have denounced the framework as a humiliation that undermines the EU’s economic interests and credibility.
- Final approval by all 27 EU governments and the European Parliament remains pending, leaving the interim deal’s fate in limbo.