,

EU Stands Firm Against US Tariff Increase Following Supreme Court Decision: ‘A Deal is a Deal’

by

in ,

The European Commission has urged the United States to adhere to the terms of the EU-U.S. trade agreement established last year, following the U.S. Supreme Court’s decision to invalidate Donald Trump’s global tariffs. In response to the ruling, Trump has imposed new, broad-based levies.

Negotiating trade policy on behalf of the 27 EU member states, the Commission has called for the United States to provide “full clarity” regarding the actions it plans to implement in light of the court’s decision.

Subsequent to the Supreme Court’s nullification of Trump’s global tariffs on Friday, the U.S. President announced an initial 10% temporary tariff across the board, which he subsequently increased to 15% the following day.

The Commission stated, “The current situation is not conducive to delivering ‘fair, balanced, and mutually beneficial’ transatlantic trade and investment, as agreed to by both sides” in the joint statement outlining last year’s trade agreement. The Commission emphasized, “A deal is a deal.”

This statement marked a significant shift in tone from the Commission’s initial response on Friday, which merely indicated that it was reviewing the Supreme Court’s decision and maintaining communication with the U.S. administration.

The trade agreement from the previous year set a 15% U.S. tariff rate for most EU goods, excluding those already subject to other sectoral tariffs such as on steel. It also allowed for zero tariffs on specific products, including aircraft and spare parts. The EU, in turn, agreed to eliminate import duties on numerous U.S. goods and retracted a threat to impose higher levies in retaliation.

The EU executive stressed, “In particular, EU products must continue to benefit from the most competitive treatment, with no increases in tariffs beyond the clear and all-inclusive ceiling previously agreed,” adding that unpredictable tariffs are disruptive and erode confidence in global markets.

Furthermore, it was noted that EU Trade Commissioner Maros Sefcovic discussed the matter with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick on Saturday.


Deals from DealBook.lk



Latest News


  • SLFPA Launches 23rd Edition of Profood Propack & Agbiz Knowledge Hub 2026

    SLFPA Launches 23rd Edition of Profood Propack & Agbiz Knowledge Hub 2026

    The highly anticipated Profood Propack & Agbiz Knowledge Hub 2026, a key event on Sri Lanka’s food industry calendar, is set to take place from August 21 to 23, 2026, at the BMICH in Colombo. Organized by the Sri Lanka Food Processors Association (SLFPA) in collaboration with Lanka Exhibition and Conference Services (LECS), the event

    Read more


  • Mastercard to Present Colombo Fashion Week Summer Edition from April 1-4

    Mastercard to Present Colombo Fashion Week Summer Edition from April 1-4

    Colombo Fashion Week (CFW), now in its 23rd year, is set to take place from April 1 to 4 at the City of Dreams Sri Lanka in Colombo. Presented by Mastercard, CFW is a prominent fashion platform in South Asia, having established itself in 2003. This year, CFW continues its collaboration with the BRICS International

    Read more


DAILY NEW DIGEST


▶︎•၊၊||၊|။|||||။၊|။•