{"id":5993,"date":"2026-02-23T17:30:00","date_gmt":"2026-02-24T01:30:00","guid":{"rendered":"https:\/\/abovecloud.xyz\/?p=5993"},"modified":"2026-02-23T17:34:22","modified_gmt":"2026-02-24T01:34:22","slug":"the-european-union-hits-pause-on-its-u-s-trade-deal","status":"publish","type":"post","link":"https:\/\/abovecloud.xyz\/?p=5993","title":{"rendered":"The European Union Hits Pause on Its U.S. Trade Deal"},"content":{"rendered":"\n

The E.U. isn\u2019t throwing out the deal it agreed with the United States before President Trump\u2019s tariffs were overruled, but European officials want more clarity first.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n


European Union officials said on Monday that they were pausing work toward implementing their trade deal with the United States, as they try to understand what President Trump will do after a pivotal Supreme Court ruling.<\/p>\n\n\n\n

Last week, the Supreme Court struck down Mr. Trump\u2019s sweeping tariffs, which he had used to reset trading relationships around the globe \u2014 including with the European Union, which had negotiated for a 15 percent rate<\/a> in a deal last year.<\/p>\n\n\n\n

Mr. Trump moved rapidly over the weekend to replace those levies. But he has now applied a 15 percent tariff on nations around the world, using a different authority from the one ruled on by the Supreme Court, which stacks on top of existing tariffs. For many producers in Europe, that means the actual tariff they face will be higher than under the deal.

A \u201cwhole range of products which are now much higher than the 15 percent in the old agreement,\u201d Bernd Lange, a German member of European Parliament and chair of its international trade committee, said on Monday.

Mr. Lange\u2019s committee was meant to vote on the trade deal with the United States on Tuesday, but decided to put that on hold<\/a> until there was greater clarity.<\/p>\n\n\n\n

He pointed to products like European cheese: U.S. importers already paid 15 percent tariffs on Parmesan and Camembert before last year\u2019s trade deal. Under the trade deal, cheese was capped at 15 percent. But now, the existing rate will be added to the new 15 percent levy, making for a tariff of nearly 30 percent. Plus, Mr. Lange pointed out, it is not clear what Mr. Trump\u2019s administration will do next. The tool that Mr. Trump is now using to keep tariffs at 15 percent lasts only 150 days<\/a>, after which Congress would need to approve an extension.<\/p>\n\n\n\n

\u201cThis is so uncertain,\u201d Mr. Lange said. \u201cIt\u2019s unclear if there will be additional measures.\u201d<\/p>\n\n\n\n

European Union officials have been clear that they would like to stick by their trade deal. Maros Sefcovic, the European Union\u2019s trade commissioner, wrote on social media that \u201cfull respect\u201d for the trade agreement was \u201cparamount.\u201d<\/p>\n\n\n\n

Ursula von der Leyen, the president of the European Union\u2019s executive arm, made the rough agreement with Mr. Trump last year during a meeting at his golf course in Turnberry, Scotland.

The package has been unpopular in Europe: From the start, it was widely seen as an unbalanced agreement that favored the United States.<\/p>\n\n\n\n

But many policymakers have concluded that it was probably the best deal they could have achieved. The agreement capped tariffs on most products at 15 percent, while Europe managed to hold firm on key red lines, including leaving its digital services regulations unchanged.<\/p>\n\n\n\n

The problem now is that the situation has changed, and the Trump administration has suggested that more adjustments could come.<\/p>\n\n\n\n

Administration officials have suggested that they could use other powers, including investigations based on national security over digital regulations<\/a> or other issues, to maintain high tariffs.<\/p>\n\n\n\n

Mr. Trump, for his part, warned<\/a> American trading partners not to \u201cplay games\u201d in response to the Supreme Court decision, writing in a post on Truth Social on Monday.<\/p>\n\n\n\n

Nations that do, he said, \u201cwill be met with a much higher Tariff, and worse, than that which they just recently agreed to.\u201d<\/p>\n\n\n\n

Reposted from The New York Times<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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