EU seeks clarity after US court blocks Trump tariffs, warns commitments must be honoured – The Times of India

The European Union has sought “full clarity” from america and urged Washington to honour agreed commerce commitments after the US Supreme Court struck down some of President Donald Trump’s sweeping tariffs, elevating contemporary uncertainty over trans-Atlantic commerce ties, AP reported.The European Fee mentioned the evolving scenario dangers undermining the framework for “honest, balanced, and mutually useful” commerce and funding outlined within the EU-US Joint Assertion of August 2025, calling for adherence to beforehand agreed phrases.

In keeping with AP, the EU’s govt arm burdened that commitments made beneath the bilateral association must stay intact even because the US administration considers new tariff measures following the court ruling.Trump criticised the judgement and mentioned on Saturday he intends to boost a worldwide tariff to fifteen per cent, up from the ten per cent stage introduced a day earlier.American and EU officers had sealed a commerce deal final yr imposing a 15 per cent import tax on 70 per cent of European items exported to america. The European Fee oversees commerce coverage for all 27 EU member states.A senior EU lawmaker signalled political pushback inside Europe, with Bernd Lange, chair of the European Parliament’s worldwide commerce committee, saying he would suggest pausing the ratification course of of the settlement.“Pure tariff chaos on the half of the US administration,” Lange wrote on social media. “Nobody could make sense of it anymore — solely open questions and rising uncertainty for the EU and different US buying and selling companions.”Reaffirming its stance, the European Fee mentioned: “A deal is a deal. As america’ largest buying and selling companion, the EU expects the US to honor its commitments set out within the Joint Assertion — simply because the EU stands by its commitments. EU merchandise must proceed to learn from essentially the most aggressive remedy, with no will increase in tariffs past the clear and all-inclusive ceiling beforehand agreed.”EU officers warned that unpredictable tariff actions threat destabilising international commerce flows. “When utilized unpredictably, tariffs are inherently disruptive, undermining confidence and stability throughout international markets and creating additional uncertainty throughout worldwide provide chains,” the fee added.EU-US commerce in items and providers was valued at 1.7 trillion euros (USD 2 trillion) in 2024 — roughly 4.6 billion euros a day — in accordance with Eurostat knowledge.Europe’s main exports to the US embrace prescription drugs, vehicles, plane, chemical compounds, medical devices, and wine and spirits, whereas key American exports to the bloc vary from skilled and scientific providers equivalent to cost programs and cloud infrastructure to grease and gasoline, prescription drugs, aerospace merchandise and automobiles.The EU additionally retains the choice of deploying its Anti-Coercion Instrument, a mechanism permitting retaliatory measures in opposition to international locations exerting financial strain. Attainable actions embrace proscribing commerce and funding, excluding corporations from EU public tenders, limiting overseas direct funding, or, in excessive circumstances, curbing entry to the bloc’s 450-million-shopper market — probably inflicting billions of {dollars} in losses on US corporations and the broader American economic system.