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Reading: EU says US should honor a commerce deal after court docket blocks Trump tariffs – Day by day Information
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Politics

EU says US should honor a commerce deal after court docket blocks Trump tariffs – Day by day Information

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Last updated: February 22, 2026 7:13 pm
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EU says US should honor a commerce deal after court docket blocks Trump tariffs – Day by day Information
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BRUSSELS (AP) — The European Union’s government arm requested “full readability” from america and requested its commerce companion to meet its commitments after the U.S. Supreme Courtroom struck down a few of President Donald Trump’s most sweeping tariffs.

Trump has lashed out on the court docket determination and mentioned Saturday that he needs a worldwide tariff of 15%, up from the ten% he introduced a day earlier.

The European Fee mentioned the present state of affairs just isn’t conducive to delivering “truthful, balanced, and mutually helpful” trans-Atlantic commerce and funding, as agreed to by each side and spelled out within the EU-U.S. Joint Assertion of August 2025.

American and EU officers sealed a commerce deal final 12 months that imposes a 15% import tax on 70% of European items exported to america. The European Fee handles commerce for the 27 EU member nations.

A prime EU lawmaker mentioned on Sunday he’ll suggest to the European Parliament negotiating group to place the ratifying means of the deal on pause.

“Pure tariff chaos on the a part of the U.S. administration,” Bernd Lange, the chair of Parliament’s worldwide commerce committee, wrote on social media. “Nobody could make sense of it anymore — solely open questions and rising uncertainty for the EU and different U.S. buying and selling companions.”

The worth of EU-U.S. commerce in items and companies amounted to 1.7 trillion euros ($2 trillion) in 2024, or a median of 4.6 billion euros a day, in accordance with EU statistics company Eurostat.

“A deal is a deal,” the European Fee mentioned. “As america’ largest buying and selling companion, the EU expects the U.S. to honor its commitments set out within the Joint Assertion — simply because the EU stands by its commitments. EU merchandise should proceed to profit from probably the most aggressive remedy, with no will increase in tariffs past the clear and all-inclusive ceiling beforehand agreed.”

Jamieson Greer, Trump’s prime commerce negotiator, mentioned in a CBS Information interview Sunday morning that the U.S. plans to face by its commerce offers and expects its companions to do the identical.

He mentioned he talked to his European counterpart this weekend and hasn’t heard anybody inform him the deal is off.

“The offers weren’t premised on whether or not or not the emergency tariff litigation would rise or fall,” Greer mentioned. “I haven’t heard anybody but come to me and say the deal’s off. They need to see how this performs out.”

Europe’s largest exports to the U.S. are prescription drugs, vehicles, plane, chemical compounds, medical devices, and wine and spirits. Among the many largest U.S. exports to the bloc are skilled and scientific companies like fee techniques and cloud infrastructure, oil and fuel, prescription drugs, medical gear, aerospace merchandise and vehicles.

“When utilized unpredictably, tariffs are inherently disruptive, undermining confidence and stability throughout world markets and creating additional uncertainty throughout worldwide provide chains,” the fee added.

As primarily a buying and selling bloc, the EU has a strong software at its disposal to retaliate — the bloc’s Anti-Coercion Instrument. It features a raft of measures for blocking or limiting commerce and funding from nations discovered to be placing undue stress on EU member nations or companies.

The measures may embody curbing the export and import of products and companies, barring nations or firms from EU public tenders, or limiting international direct funding. In its most extreme type, it will primarily shut off entry to the EU’s 450-million buyer market and inflict billions of {dollars} of losses on U.S. firms and the American economic system.

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