The European Parliament is on the verge of freezing the ratification process for the EU-US trade agreement, according to statements from several Members of the European Parliament (MEPs) amid an extraordinary session to address the issue. This decision comes in light of the recent ruling by the US Supreme Court, prompting EU lawmakers to demand further clarity regarding the US's new tariff policy under President Donald Trump's administration.

Bernd Lange, the Chair of the International Trade Committee of the European Parliament, announced yesterday that he would propose the suspension of the ratification process during today's meeting. Representatives from the major political groups within the European Parliament have expressed their support for this proposal, indicating a unified stance among EU legislators to reconsider the agreement in the context of changing legal and political landscapes in the US. The movement indicates a significant shift in trade negotiations, reflecting concerns over regulatory transparency and economic impacts on both sides.

Furthermore, Bloomberg News previously reported that the EU is taking steps to ensure it receives adequate details from the Trump administration before proceeding with its ratification. This situation underscores the complexities of international trade agreements that can be influenced by domestic court rulings and changing political climates, as well as the need for ongoing negotiations between the EU and the US, especially in the light of protectionist sentiments.