EU says it will accept no increase in US tariffs after court ruling

SelfRugger · 2026-02-23T12:04:34+00:00

The EU insists that the U.S. must adhere to their trade deal after the Supreme Court overturned Trump’s global tariffs, as new U.S. tariffs raise concerns about erasing exemptions and creating uncertainty in the market.

SelfRugger

2026-02-23 12:04:34

Abstract generation in progress

EU says it will accept no increase in US tariffs after court ruling

Reuters Videos

Mon, February 23, 2026 at 8:53 PM GMT+9

STORY: :: File“A deal is a deal” the European Commission said in a statement on Sunday demanding that the U.S. stick to the terms of a trade deal reached last year.:: File This came after the U.S. Supreme Court struck down Donald Trump’s global tariffs on Friday, and he responded with new 10% tariffs, and then increased them to 15% 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.Last year’s EU-U.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.While the EU agreed to remove import duties on many U.S. goods.But it is not clear whether Trump’s new 15% tariffs supersede the deal.If they do, the EU’s zero tariff exemptions could disappear.And the comparative advantage the EU had with a 15% tariff would appear to have disappeared as even countries without a deal face the same rate.As uncertainty looms, gold prices climbed to a three-week high on Monday, and Wall Street futures and the US dollar slid.

Terms and Privacy Policy

Privacy Dashboard

More Info

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.