The European Parliament and Council of the EU reached a provisional agreement on two pieces of legislation implementing EU tariff commitments under the August 2025 EU-US Joint Statement.

"The agreement reached by the two EU co-legislators strengthens several elements of the Commission proposals.

Sunset clause --- The main regulation on industrial and agri-food imports will expire on 31 December 2029. Before this date, the Commission will make a comprehensive assessment of its trade effects on EU industry, agriculture and small and medium-sized enterprises, and of changes in trade patterns with third countries. The Commission may present a legislative proposal to extend the regulation’s duration.

Steel and aluminium derivatives --- In August 2025, the US added 407 product categories to the list of derivative steel and aluminium products subject to tariffs. Parliament considered that these new tariffs increased the level of trade instability and pushed for this issue to be addressed in the main regulation.

The Commission will be able to suspend tariff preferences if by 31 December 2026 the US continues to apply a tariff rate higher than 15 percent on EU steel and aluminium derivatives. Furthermore, the Commission will report to the European Parliament and to the Council, by 1 December 2026, on the tariff treatment of steel and aluminium derivatives.

Strengthened suspension clause --- The Commission will also be able to suspend tariff preferences if the United States fails to address the Union’s concerns regarding the tariff treatment of Union exports which until 24 February 2026 benefitted from the 15% all-inclusive tariff ceiling".