Lange pushes to amend U.S.-EU deal with 15 percent cap, sunset provision

European Parliament International Trade Committee Chair Bernd Lange on Tuesday called for amendments to the new U.S.-EU trade framework that would cap tariffs at 15 percent and create a sunset mechanism to terminate the deal if a more comprehensive one is not reached within 18 months. The Parliament is considering legislation proposed by the European Commission to codify a framework the U.S. and the EU agreed to in August. Under the accord, the EU agreed to eliminate industrial tariffs on...