Trump's New 15% Tariff Triggers EU Suspension of Major Trade Deal

The EU suspended ratification of its trade agreement with the USA after Donald Trump implemented a new 15% global tariff following a major legal setback.Chief Justice John Roberts and the Supreme Court recently invalidated previous import duties, ruling the president cannot impose tariffs without Congressional approval.Donald Trump criticized the court and invoked Section 122 of the 1974 Trade Act to provide a temporary 150-day window for the new 15% base duty.Trade Commissioner Maroš Šefčovič and officials like Bernd Lange confirmed the pause on the deal as companies like Revlon and Costco face uncertainty over $133B.