"The European Commission said the current situation is not conducive to delivering "fair, balanced, and mutually beneficial" trans-Atlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of August 2025. American and EU officials sealed a trade deal last year that imposes a 15% import tax on 70% of European goods exported to the United States. The European Commission handles trade for the 27 EU member countries."
"A top EU lawmaker said on Sunday he will propose to the European Parliament negotiating team to put the ratifying process of the deal on pause. "Pure tariff chaos on the part of the U.S. administration," Bernd Lange, the chair of Parliament's international trade committee, wrote on social media. "No one can make sense of it anymore - only open questions and growing uncertainty for the EU and other U.S. trading partners.""
The U.S. Supreme Court struck down some of President Donald Trump's most sweeping tariffs. Trump reacted by calling for a global tariff of 15%, up from the 10% he announced earlier. The European Commission requested full clarity from the United States and urged full fulfillment of commitments under the EU-U.S. Joint Statement of August 2025. American and EU officials sealed a deal imposing a 15% import tax on about 70% of European goods exported to the United States. A top EU lawmaker proposed pausing ratification of the deal amid growing uncertainty. The European Commission insisted EU products must keep the most competitive treatment and warned against any tariff increases beyond the agreed ceiling. EU-U.S. trade in goods and services totaled 1.7 trillion euros in 2024.
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