LUXEMBOURG, June 25 (Reuters) – European Union governments adopted on Thursday legislation to remove import ‌duties on many U.S. goods, fulfilling the ‌EU’s side of a trade deal struck with U.S. President Donald ​Trump last year and avoiding renewed transatlantic trade conflict.

• The European Parliament last week approved the legislation by 440 votes in favour to 151 against, ‌with 50 abstentions, ⁠almost 11 months after the framework agreement was struck.

• Trump threatened ‘much higher’ tariffs ⁠unless the EU took action by July 4. After adoption by the Council, the grouping of ​EU governments, ​on Thursday the EU ​is on track to ‌meet that deadline. The legislation will take effect after publication in the EU official journal.

• Under the agreement, the EU agreed to remove import duties on U.S. industrial goods and provide preferential ‌access to U.S. farm produce. ​It will also extend ​duty-free imports of ​U.S. lobster, a mini-deal struck with ‌Trump during his first term ​as president.

• ​The EU legislation expires at the end of 2029 and includes multiple safeguards that would ​allow the EU ‌to suspend concessions if the United States ​breaches the trade deal’s terms.

(Reporting by Philip Blenkinsop; ​Editing by Alexandra Hudson)