Brussels: In a pivotal development affecting transatlantic trade relations, Bernd Lange, the European Parliament’s chief negotiator on EU U.S. tariff agreements, has proposed a comprehensive framework for the conditional removal of European Union tariffs on American products. This proposal, which includes safeguard and sunset clauses as well as demands for reciprocal U.S. concessions, seeks to ensure fairness, balance, and long-term stability in trade relations between the two economic powerhouses. The proposal is seen as a strategic move to protect European industries while cautiously opening markets to U.S. goods, setting the stage for ripple effects across global trade networks, including India’s export markets.

Lange’s draft report emphasizes that the EU-U.S. tariff agreement, first

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