EU Pauses USA Trade Deal Following Trump's 15% Global Tariff Hike

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The EU suspended the ratification of a trade deal with the USA after Donald Trump implemented a 15% global tariff following a court ruling.Donald Trump invoked Section 122 of the 1974 Trade Act to bypass the Supreme Court decision for a period of 150 days.Jamieson Greer announced the launch of new investigations into trading partners to establish permanent duties on foreign goods.British businesses warned the measures could cost exporters up to £3B as the BCC called for closer economic ties with the EU.
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