We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookies Policy
Accept
AsolicaAsolicaAsolica
  • Home
  • Business
  • Crypto
  • Finance
  • Marketing
  • Startup
Reading: High EU lawmaker proposes pause on U.S. commerce deal ratification, citing ‘pure tariff chaos’ from Trump administration | Fortune
Share
Font ResizerAa
AsolicaAsolica
Font ResizerAa
  • Home
  • Business
  • Crypto
  • Finance
  • Marketing
  • Startup
Follow US
© 2025 Asolica News Network. All Rights Reserved.
Asolica > Blog > Business > High EU lawmaker proposes pause on U.S. commerce deal ratification, citing ‘pure tariff chaos’ from Trump administration | Fortune
Business

High EU lawmaker proposes pause on U.S. commerce deal ratification, citing ‘pure tariff chaos’ from Trump administration | Fortune

Admin
Last updated: February 22, 2026 6:17 pm
Admin
6 hours ago
Share
High EU lawmaker proposes pause on U.S. commerce deal ratification, citing ‘pure tariff chaos’ from Trump administration | Fortune
SHARE

The European Union’s govt arm requested “full clarity” from the USA and requested its commerce accomplice to satisfy its commitments after the U.S. Supreme Courtroom struck down a few of President Donald Trump’s most sweeping tariffs.

Trump has lashed out on the courtroom determination and mentioned on Saturday that he desires a world tariff of 15%, up from 10% he had introduced a day earlier.

The European Fee mentioned the present scenario just isn’t conducive to delivering “fair, balanced, and mutually beneficial” trans-Atlantic commerce and funding, as agreed to by each side and spelled out within the EU-U.S. Joint Assertion of August 2025.

American and EU officers sealed a commerce deal final yr that imposes a 15% import tax on 70% of European items exported to the USA. The European Fee handles commerce for the 27 EU member nations.

A prime EU lawmaker mentioned on Sunday he’ll suggest to the European Parliament negotiating group to place the ratifying means of the deal on pause.

“Pure tariff chaos on the part of the U.S. administration,” Bernd Lange, the chair of Parliament’s worldwide commerce committee, wrote on social media. “No one can make sense of it anymore — only open questions and growing uncertainty for the EU and other U.S. trading partners.”

The worth of EU-U.S. commerce in items and companies amounted to 1.7 trillion euros ($2 trillion) in 2024, or a mean of 4.6 billion euros a day, in response to EU statistics company Eurostat.

“A deal is a deal,” the European Fee mentioned. “As the United States’ largest trading partner, the EU expects the U.S. to honor its commitments set out in the Joint Statement — just as the EU stands by its commitments. 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.”

Europe’s greatest exports to the U.S. are prescription drugs, automobiles, plane, chemical compounds, medical devices, and wine and spirits. Among the many greatest U.S. exports to the bloc are skilled and scientific companies like cost programs and cloud infrastructure, oil and fuel, prescription drugs, medical tools, aerospace merchandise and automobiles.

“When applied unpredictably, tariffs are inherently disruptive, undermining confidence and stability across global markets and creating further uncertainty across international supply chains,” the fee added.

As primarily a buying and selling bloc, the EU has a strong device at its disposal to retaliate — the bloc’s Anti-Coercion Instrument. It features a raft of measures for blocking or limiting commerce and funding from nations discovered to be placing undue strain on EU member nations or companies.

The measures might embrace curbing the export and import of products and companies, barring nations or firms from EU public tenders, or limiting overseas direct funding. In its most extreme kind, it could basically shut off entry to the EU’s 450-million buyer market and inflict billions of {dollars} of losses on U.S. firms and the American economic system.

What CEOs must know in regards to the new ‘Donroe’ doctrine | Fortune
3 high dividend shares to think about for passive earnings now
International e-commerce startup funding hits 2020s low, whereas 2025 U.S. vacation spending might break information | Fortune
Unique: Supabase raises $100 million at $5 billion valuation as vibe coding soars | Fortune
Crypto assault noticed victims endure waterboarding, sexual assault in $1.6 million Bitcoin theft | Fortune
TAGGED:administrationChaoscitingdealFortunelawmakerpauseProposespureratificationtarifftoptradeTrumpU.S
Share This Article
Facebook Email Print
Previous Article On a regular basis Buyers Misplaced  Billion on Trump Meme Cash On a regular basis Buyers Misplaced $4 Billion on Trump Meme Cash
Next Article Amazon is promoting  stackable storage containers that may every maintain as much as 100 liters Amazon is promoting $14 stackable storage containers that may every maintain as much as 100 liters
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Popular News
Professors assume college students are ready for the workforce—almost half of scholars disagree and really feel unready even for entry-level roles of their area | Fortune
Business

Professors assume college students are ready for the workforce—almost half of scholars disagree and really feel unready even for entry-level roles of their area | Fortune

Admin
By Admin
5 months ago
Airways droop flights to risky area, refunds accessible
Right here’s what it takes to earn £50 a day of passive revenue within the inventory market
With the JD Sports activities share worth down 22% in a month, might the retailer be a 2026 takeover goal?
The CEO who remodeled Coach right into a luxurious powerhouse shares the grueling interview course of he makes use of to vet candidates | Fortune

You Might Also Like

Startup Hercle raises  million construct out stablecoin-based international cash transfers | Fortune Crypto

Startup Hercle raises $10 million construct out stablecoin-based international cash transfers | Fortune Crypto

3 months ago
First Tucker Carlson, now Ted Cruz: Conservatives are speaking about an ‘unbelievably dangerous’ precedent being set by the FCC chair | Fortune

First Tucker Carlson, now Ted Cruz: Conservatives are speaking about an ‘unbelievably dangerous’ precedent being set by the FCC chair | Fortune

5 months ago
Trump’s tariffs ‘woke the remainder of the world as much as the method’ of leveraging financial firepower towards commerce companions, says Morgan Stanley CIO | Fortune

Trump’s tariffs ‘woke the remainder of the world as much as the method’ of leveraging financial firepower towards commerce companions, says Morgan Stanley CIO | Fortune

3 weeks ago
The U.S. and Iran will maintain new spherical of nuclear talks whereas Trump sends the world’s largest plane provider to the Mideast | Fortune

The U.S. and Iran will maintain new spherical of nuclear talks whereas Trump sends the world’s largest plane provider to the Mideast | Fortune

1 week ago
about us

Welcome to Asolica, your reliable destination for independent news, in-depth analysis, and global updates.

  • Home
  • Business
  • Crypto
  • Finance
  • Marketing
  • Startup
  • About Us
  • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Disclaimer
  • Terms & Conditions

Find Us on Socials

© 2025 Asolica News Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?