The European Union finalizes the text of its long-delayed trade agreement with the United States after months of negotiations, clearing a key step needed for ratification. Both accounts say the EU’s action is aimed at enabling progress on approval before a deadline associated with U.S. President Donald Trump and his threat of higher tariffs. Under the proposed arrangement, the EU would remove levies on U.S. industrial goods. In return, the agreement sets a tariff ceiling for the bloc’s exports at 15%, limiting how high tariffs the United States can impose on EU goods covered by the pact. The EU’s completion of the legal text is described as a major hurdle being resolved ahead of potential U.S. tariff changes. The reports do not provide further details on the scope of goods or timing for the remaining procedural steps, but they indicate the finalized text helps position the agreement for ratification within the period before the threatened tariff action.