Feb 23 • 13:13 UTC 🇫🇷 France France24

EU lawmakers to freeze US trade deal after Supreme Court strikes down Trump's tariffs

EU lawmakers have decided to suspend approval of a significant trade deal with the US following a Supreme Court ruling that invalidated many of Trump's tariffs.

In response to a recent ruling by the US Supreme Court that invalidated several tariffs imposed by former President Donald Trump, EU lawmakers are taking the significant step of suspending their approval of a key trade agreement with the United States. The European Parliament was scheduled to vote on the removal of tariffs on US industrial goods, which would have advanced the implementation of the trade deal finalized in July last year. However, the Supreme Court's decision has led EU legislators to seek clarification from Washington before proceeding further.

The trade agreement was designed to foster economic relations between the EU and the US, which saw Washington place a 15% duty on numerous European imports. The European Parliament's trade committee, anticipating a smooth progression towards implementing these trade terms, now finds itself in a position of uncertainty and reevaluation, demonstrating the delicate balance of international trade agreements and their dependence on domestic policies and judicial decisions.

Suspending the approval of this trade deal could have broader implications for transatlantic relations, particularly at a time when both the US and EU are seeking to strengthen ties amid global economic challenges. The EU's move reflects its caution and the need for more stability in trade relations before committing to any agreements, especially in light of judicial shifts within the US. The outcome of this situation will be pivotal for future trade diplomacy between these two major economies.

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