Feb 22 • 17:06 UTC 🇱🇻 Latvia TVNET

The EU expects the USA to adhere to common trade commitments

The European Commission has stated that the EU expects the U.S. to honor a trade agreement made last year, responding to recent decisions regarding tariffs.

The European Commission has reiterated its expectation that the United States will comply with the trade agreement established last year, following the U.S. Supreme Court ruling which deemed part of President Donald Trump’s tariffs illegal. As the EU stands as the largest trading partner of the U.S., the Commission emphasized the importance of mutual adherence to commitments outlined in the agreement. This situation arises amidst growing concerns regarding U.S. import tariffs, particularly in light of recent judicial decisions that could alter trade relationships.

In a statement addressing the recent actions taken by the U.S. government, the Commission demanded complete transparency regarding the steps the U.S. plans to implement following the Supreme Court's ruling concerning the International Emergency Economic Powers Act. Such clarity is deemed essential for maintaining orderly trade relations and ensuring that agreements between the two economic powerhouses are sustained. The statement highlights the importance of mutual respect for trade commitments amid fluctuating international trade conditions.

Moreover, Trump's recent decision to raise the temporary global tariff on imports to 15% has added a layer of uncertainty just after the Supreme Court deemed a significant portion of his international tariffs illegal. This move not only complicates the trade landscape but also places additional pressure on the EU to respond strategically to ensure that trade dynamics remain balanced and mutually beneficial. The evolving situation will likely require diplomatic engagement and negotiations to restore confidence and stability in transatlantic trade relations.

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