EU says it will accept no increase in US tariffs after Supreme Court ruling
Summary
The European Commission demands the US adhere to the 15% tariff cap agreed in last year's trade deal following the US Supreme Court's invalidation of Trump's global tariffs and subsequent tariff hikes.
Key Points
- The EU Commission insists the US must stick to the agreed 15% tariff limit from last year's trade deal.
- The US Supreme Court struck down Trump's global tariff scheme, after which new tariffs were imposed by the US president.
- The EU warns that unpredictable US tariffs disrupt global markets and undermine trade confidence.
- EU Trade Commissioner discussed the tariff issue with US officials to seek clarity on next steps.
