"Trump has lashed out at the court decision and said on Saturday that he wants a global tariff of 15%, up from 10% he had announced a day earlier. 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."
""A deal is a deal," the European Commission said. "As the United States' largest trading partner, the EU expects the U.S. to honor its commitments set out in the Joint Statement - just as the EU stands by its commitments. EU products must continue to benefit from the most competitive treatment, with no increases in tariffs beyond the clear and all-inclusive ceiling previously agreed.""
The U.S. Supreme Court struck down parts of President Donald Trump's tariffs, prompting the European Commission to request full clarity and for the United States to fulfill its commitments. President Trump announced he wants a global 15% tariff, up from a previously stated 10%. The EU warned the situation undermines fair, balanced, and mutually beneficial trans-Atlantic trade as outlined in the EU-U.S. Joint Statement of August 2025. A trade deal sealed last year sets a 15% import tax on 70% of European exports to the U.S. Ratification faces potential pause amid rising uncertainty. EU-U.S. trade totaled about 1.7 trillion euros in 2024.
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