Feb 23 • 10:36 UTC 🇬🇷 Greece To Vima

The EU "freezes" the ratification of the trade agreement with the USA - What it demands

The European Parliament plans to suspend the ratification process of the trade agreement with the USA following a recent ruling by the US Supreme Court that deemed tariffs imposed by Donald Trump illegal.

The European Parliament is set to suspend the ratification of the EU-US trade agreement due to a significant ruling by the US Supreme Court, declaring the tariffs imposed by former President Donald Trump as illegal. This decision has prompted multiple members of the European Parliament to advocate for a halt in the approval process during an extraordinary session convened to address this issue. Bernd Lange, the President of the International Trade Committee of the European Parliament, is expected to officially propose this suspension during today's session.

In response to these developments, key representatives from major factions within the European Parliament have indicated their support for the proposal to freeze the agreement's ratification. This move is likely driven by the EU's need for clarity and additional information from the Trump administration regarding the implications of the Supreme Court's ruling and the future of trade relations between the two entities. The European Union is keen to ensure that any trade agreements respect legal standards and are beneficial for all parties involved.

The implications of this decision extend beyond immediate trade negotiations, highlighting the EU's cautious approach towards international agreements, especially those influenced by previously contentious policies. As the European Union seeks further details on the situation, it may also signal a shift toward more stringent conditions in future negotiations with the United States, affecting overall diplomatic and economic relationships going forward.

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