Story by Rory Elliott Armstrong\/Euronews<\/p>\n\n\n\n
The European Commission called on Washington to honour its commitments and provide “full clarity” following a US Supreme Court ruling that struck down some of President Trump’s most sweeping tariffs.<\/p>\n\n\n\n
Trump has lashed out at the court decision and said Saturday that he wants a global tariff of 15%, up from the 10% he announced a day earlier.<\/p>\n\n\n\n
The European Commission said the current situation is not conducive to delivering “fair, balanced, and mutually beneficial\u201d trans-Atlantic trade and investment, as agreed to by both sides and spelled out in the EU-US Joint Statement of August 2025.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
\u201cPure tariff chaos on the part of the US administration,\u201d Bernd Lange, the chair of Parliament\u2019s international trade committee, wrote on social media. \u201cNo one can make sense of it anymore \u2014 only open questions and growing uncertainty for the EU and other US trading partners.\u201d<\/p>\n\n\n\n
The value of EU-U.S. trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of \u20ac4.6 billion a day, according to EU statistics agency Eurostat.<\/p>\n\n\n\n
\u201cA deal is a deal,\u201d the European Commission said. \u201cAs the United States\u2019 largest trading partner, the EU expects the US to honour its commitments set out in the Joint Statement \u2014 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.”<\/p>\n\n\n\n
Jamieson Greer, Trump\u2019s top trade negotiator, said in a CBS News interview Sunday morning that the US plans to stand by its trade deals and expects its partners to do the same.<\/p>\n\n\n\n
He said he talked to his European counterpart this weekend and hasn\u2019t heard anyone tell him the deal is off.<\/p>\n\n\n\n
\u201cThe deals were not premised on whether or not the emergency tariff litigation would rise or fall,\u201d Greer said. \u201cI haven\u2019t heard anyone yet come to me and say the deal\u2019s off. They want to see how this plays out.\u201d<\/p>\n\n\n\n
Europe\u2019s biggest exports to the US are pharmaceuticals, cars, aircraft, chemicals, medical instruments, and wine and spirits. Among the biggest U.S. exports to the bloc are professional and scientific services like payment systems and cloud infrastructure, oil and gas, pharmaceuticals, medical equipment, aerospace products and cars.<\/p>\n\n\n\n
\u201cWhen applied unpredictably, tariffs are inherently disruptive, undermining confidence and stability across global markets and creating further uncertainty across international supply chains,\u201d the commission added.<\/p>\n\n\n\n
As primarily a trading bloc, the EU has a powerful tool at its disposal to retaliate \u2014 the bloc\u2019s Anti-Coercion Instrument. It includes a raft of measures for blocking or restricting trade and investment from countries found to be putting undue pressure on EU member nations or corporations.<\/p>\n\n\n\n
The measures could include curtailing the export and import of goods and services, barring countries or companies from EU public tenders, or limiting foreign direct investment. In its most severe form, it would essentially close off access to the EU\u2019s 450-million customer market and inflict billions of dollars of losses on US companies and the American economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Story by Rory Elliott Armstrong\/Euronews The European Commission demanded the US honor its trade commitments after the Supreme Court struck down some of Trump’s tariffs. A top EU lawmaker has since moved to pause ratification of last year’s EU-US trade deal. The European Commission called on Washington to honour its commitments and provide “full clarity”<\/p>\n","protected":false},"author":1,"featured_media":10278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[713,714,181,179],"coauthors":[706],"class_list":{"0":"post-10263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world-2","8":"tag-eu","9":"tag-tarrifs","10":"tag-trump","11":"tag-usa"},"_links":{"self":[{"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/posts\/10263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cvnznews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10263"}],"version-history":[{"count":1,"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/posts\/10263\/revisions"}],"predecessor-version":[{"id":10265,"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/posts\/10263\/revisions\/10265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cvnznews.com\/index.php?rest_route=\/wp\/v2\/media\/10278"}],"wp:attachment":[{"href":"https:\/\/cvnznews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cvnznews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cvnznews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10263"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/cvnznews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcoauthors&post=10263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}