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Parliamentary Pause
Bernd Lange calls for a halt on EU-US trade deal legislation in the European Parliament.
EU Diplomatic Response
European Commission demands US honor the existing trade deal; Sefcovic contacts US trade officials.
Global Tariff Hike
President Trump announces a new 15% global duty on all imports.
Supreme Court Ruling
US Supreme Court rules the administration's use of IEEPA for tariffs is illegal.
Joint Statement Signed
EU and US agree to a 15% tariff cap on most goods to stabilize trade.
Following a Supreme Court ruling against his trade policy, President Trump has implemented a 15% global import duty, prompting the EU to demand adherence to prior trade agreements. The move has injected fresh volatility into transatlantic relations and threatens to stall major trade legislation in the European Parliament.
The US Supreme Court has invalidated the Trump administration's sweeping global tariffs, ruling that the executive branch overstepped its authority under the 1977 International Emergency Economic Powers Act. This landmark decision halts the collection of levies that had already reached $134 billion, offering immediate relief to the retail and e-commerce sectors.