Feb 23 • 09:45 UTC 🇵🇱 Poland Rzeczpospolita

USA declares that they will not withdraw from trade agreements with other countries

The USA confirms it will maintain existing trade agreements despite new tariffs announced by President Trump, amidst legal challenges and international responses.

The United States has announced that it will not withdraw from existing trade agreements with various countries worldwide, despite recent legal rulings deeming many of President Trump's tariff increases as illegal. Jamieson Greer, the U.S. Trade Representative, emphasized during an appearance on CBS's 'Face the Nation' that a newly instated global tariff rate of 15% will not affect the agreements made within the past nine months with approximately 20 countries. This assurance comes at a time when the international trade system is facing significant contention.

On the domestic front, a recent decision by the U.S. Supreme Court found that most of the tariff hikes implemented by President Trump were unlawful, which led to a prompt response from the administration in the form of setting a new global tariff. Such moves are seen as an effort to navigate the complex legal landscape while attempting to fortify the U.S. position in global trade negotiations. The implications of these tariffs, set to rise from 10% to 15%, could potentially escalate tensions with trading partners, raising concerns about trade relations.

The European Union and China have expressed apprehension regarding the newly proposed tariffs, with responses highlighting a potential rift in international trade relations. The reaction from the Chinese Ministry of Commerce and the EU's opposition to the surging tariffs signify a growing skepticism towards the U.S. trade policy under Trump's administration. This environment of uncertainty and opposition indicates that the ripple effects of the U.S. decision will not only impact the domestic economy but will also strain international diplomatic and economic ties, underscoring a pivotal moment in global trade dynamics.

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