EU Postpones US Trade Deal Vote Amid Tariff Turmoil, Trump Warns of Harsher Measures

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Moneycontrol•23-02-2026, 22:55
EU Postpones US Trade Deal Vote Amid Tariff Turmoil, Trump Warns of Harsher Measures
- •European Parliament delays vote on ratifying US trade agreement for the second time.
- •Decision follows a US Supreme Court ruling against Trump's use of emergency powers for 'reciprocal' tariffs.
- •Trump replaced earlier tariffs with a flat 10% levy, later increased to 15%, despite the legal setback.
- •Trump criticized the court's decision as 'ridiculous' and warned of using alternative, 'more powerful' measures against foreign nations.
- •The EU-US trade deal, negotiated in Turnberry, includes tariff elimination on US products like lobsters, but requires EU approval.
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