European Parliament approves long-delayed EU-US trade agreement

The European Parliament has finally ratified the long-awaited EU-US trade agreement, ending a years-long delay. This deal permits the European Commission to suspend tariff preferences if the US maintains tariffs above 15%. The agreement is crucial as it aims to stabilize trade relations and reduce economic friction between two of the world's largest economies, potentially paving the way for smoother global commerce and more balanced trade policies.