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

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

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