European Council approves tariff agreement with U.S.

The European Council this week approved a tariff agreement with the U.S. aimed at increasing trans-Atlantic market access, sending the pact back to the European Parliament for further review. Under the arrangement, which was announced in August , the EU will remove tariffs on imports of U.S. lobster products for five years. The U.S. in return agreed to reduce tariffs on some products including prepared meals, crystal glassware, surface preparations, propellant powders, cigarette lighters and lighter parts. All changes will...