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EU Freezes US Trade Deal Ratification Over Trump's 15 Percent Tariff Announcement

EU Freezes US Trade Deal Ratification Over Trump's 15 Percent Tariff Announcement

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 Welcome to European Union Tariff News and Tracker. In the latest twist on US-EU trade tensions, the European Parliament has frozen ratification of its hard-won trade deal with the United States following President Donald Trump's announcement of a new 15% global import tariff. According to European Interest, this move comes after the US Supreme Court ruled on February 20, 2026, that Trump could no longer use the International Emergency Economic Powers Act to impose tariffs, prompting him to pivot to Section 122 of trade law for the new rate, effective February 24.

The summer 2025 Turnberry agreement capped US tariffs on most EU goods at 15%—up from a prior average of 4.8%—while dropping EU tariffs on US industrial goods to zero, a deal credited with stabilizing European businesses and averting recession. But Bernd Lange, chair of Parliament’s International Trade Committee, warns the 15% levy stacks atop existing tariffs, potentially breaching the cap. EU Commission spokesman Olof Gill sums it up: “A deal is a deal,” demanding clarity from Washington.

Global News reports the Parliament postponed its Tuesday vote, the second such delay, as EU leaders seek assurances amid Trump's tariff push. US Trade Representative Jamison Greer insisted on CBS’s Face the Nation that tariffs are coming regardless, vowing to uphold bilateral deals like the UK's 10% cap or India's 18%. The Trade Compliance Resource Hub tracker confirms the 15% rate threatens to expire in 150 days unless Congress extends it, adding uncertainty.

Italy urges restraint, per Euronews, while the Atlantic Council notes the EU's suspension pressures the US for clarification, as both sides eye mutual benefits. Berenberg Bank's Atakan Bakiskan predicts ongoing trade volatility hitting US consumers hardest.

Listeners, stay tuned as G7 talks loom this week. Thank you for tuning in, and please subscribe for weekly updates. This has been a Quiet Please production, for more check out quietplease.ai.

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