EU Pauses Trade Deal as Trump Imposes 15% Tariff After Court Loss

The EU suspended the ratification of a trade agreement with the USA after Donald Trump implemented a new 15% global tariff.This move followed a US Supreme Court ruling where John Roberts invalidated previous levies for lacking Congressional approval.Major companies like Revlon and Costco have already filed lawsuits to recover approximately $133B in duties paid under the old rules.Trade officials Bernd Lange and Maroš Šefčovič confirmed the pause until the administration clarifies the new import barriers.