Menu

Post image 1
Post image 2
1 / 2
0

EU-US Trade Deal Ratification Under Pressure Due to Trump’s Auto Tariff Threats

WWD·Kate Nishimura·26 days ago
#ICppMiAY
Reading 0:00
15s threshold

The handshake trade pact brokered last July by President Donald Trump and European Commission President Ursula von der Leyen is beginning to seem like a distant memory as tensions between the European Union and the United States ratchet up again with new tariff threats. Officials from EU Parliament, the European Commission and individual European governments came together Wednesday in Paris at a meeting of the G7 to discuss how to move forward with the Turnberry agreement. The ratification of the deal was paused when Trump’s International Emergency Economic Powers Act (IEEPA) tariffs were deemed unlawful by the Supreme Court in February, raising questions about its viability and benefits for EU member states. This week, Trump vowed to impose new, 25 percent duties on the EU’s automotive sector because, he said, the EU has not complied with the terms of the deal, augmenting the 15 percent auto tariff that was agreed upon.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More