EU says it will accept no increase in US tariffs after Supreme Court ruling: 'a deal is a deal'


FILE PHOTO: Containers are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer/File Photo

BRUSSELS, Feb 22 (Reuters) - ⁠The European Commission demanded on Sunday that the United States stick to ⁠the terms of an EU-U.S. trade deal reached last year, after ‌the U.S. Supreme Court struck down Donald Trump's global tariffs and he responded with new levies across the board.

The Commission, which negotiates trade policy on behalf of the 27 EU member states, said ​Washington must provide "full clarity" on the steps it ⁠intends to take following the court ⁠ruling.

After the court struck down Trump's global tariffs on Friday, the U.S. president ⁠announced ‌temporary, across-the-board tariffs of 10%, which he then hiked to 15%a day later.

"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 setting out the terms of last year's trade agreement, the Commission ⁠said. "A deal is ​a deal."

The comments were far more strongly worded than the Commission's initial response on Friday, which had said only that it was studying the outcome of the Supreme Court ⁠decision and keeping in contact with the U.S. ​administration.

Last year's trade deal set a 15% U.S. tariff rate for most EU goods, apart from those covered by other sectoral tariffs such as on steel. It also allowed ⁠zero tariffs on some products such as aircraft and spare parts. The EU agreed to remove import duties on many U.S. goods and withdrew a threat to retaliate with higher levies.

"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," the EU executive said, adding that unpredictable ​tariffs were disruptive and undermined confidence across global ‌markets.

It said that EU Trade Commissioner Maros ​Sefcovic had discussed the issue with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick on Saturday.

(Reporting by Philip BlenkinsopEditing by Peter Graff)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

South Korea urges Russian embassy to remove 'victory' banner as Ukraine war anniversary nears
Mexican drug lord killing sparks revenge attacks; cars and businesses set ablaze, highways blocked
Cop turned crime boss, Nemesio 'El Mencho' Oseguera leaves bloody legacy
Exclusive-New US military-led group aided Mexico's hunt for 'El Mencho' cartel boss
Milan-Cortina Winter Olympics closes as China posts best-ever overseas result
Feature: Italian businesses tap China's Spring Festival economy
"One Battle After Another" leads BAFTA wins, claims best picture
Feature: Milan-Cortina 2026 ends in feats, farewells and fire
North Korea's ruling party re-elects Kim Jong Un general secretary for bolstering nuclear power
"GOAT" battles to No. 1 at North American box office

Others Also Read