EU lawmakers and member states reached a deal early on Wednesday to implement the bloc’s trade pact with the United States, ending months of wrangling over the accord as President Donald Trump threatened fresh tariffs unless it was approved by July 4. The compromise followed late-night negotiations between EU capitals and parliament negotiators.
As part of the trade agreement, Europe requires America to honour and implement their part of the agreement as well. If Trump starts raising tariffs again that would be a clear breach of the trade agreement, and Europe no longer has an obligation to honour their end of the deal either.
There is also an expiration date in the trade agreement for 2029, if I’m understanding correctly
Maybe that’s the idea here: Trump will break the deal anyway, so it doesn’t really matter what it says.