Feb 22 • 15:16 UTC 🇬🇷 Greece Naftemporiki

Commission on tariffs: 'An agreement is an agreement. The EU expects the US to uphold its commitments'

The European Commission asserts that the EU expects the US to adhere to agreed commitments regarding tariffs, following a Supreme Court decision that revoked Trump's tariff measures.

The European Commission has issued a statement reinforcing its expectation that the United States will honor its commitments outlined in a joint declaration regarding trade tariffs. This comes in response to a recent Supreme Court ruling that blocks the enforcement of tariffs previously instituted under President Donald Trump. The Commission emphasizes that "an agreement is an agreement," urging transparency from the US government about next steps following this judicial decision.

High-level communications have taken place between the European Union and the US, including discussions between EU Trade Commissioner Valdis Dombrovskis and US officials including Trade Representative Jamison Greer and Secretary of Commerce Howard Lutnick. The Commission is advocating for full transparency regarding the measures the US government intends to implement in light of the Supreme Court's ruling, emphasizing that clarity is crucial for fostering a fair and balanced transatlantic trade environment.

This situation reflects ongoing challenges in transatlantic trade relations, where both sides are seeking to navigate complex trade agreements and commitments. The EU's call for adherence to mutual agreements underscores the importance of maintaining open and cooperative trade, which is vital for economic stability and growth on both sides of the Atlantic.

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