EU says it will accept no increase in US tariffs after Supreme Court ruling: 'a deal is a deal'
Source: Reuters
February 22, 2026 11:03 AM EST Updated 7 mins ago
BRUSSELS, Feb 22 (Reuters) - The European Commission demanded on Sunday that the United States stick to the terms of an EU-U.S. trade deal reached last year, after the U.S. Supreme Court struck down Donald Trump's global tariffs and he responded with new levies 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 following the court ruling. After the court struck down Trump's global tariffs on Friday, the U.S. president announced temporary, across-the-board tariffs of 10%, which he then hiked to 15% a day later.
"The current situation is not conducive to delivering 'fair, balanced, and mutually beneficial' transatlantic trade and investment, as agreed to by both sides" in the joint statement setting out the terms of last year's trade agreement, the Commission said. "A deal is a deal." The comments were far more strongly worded than the Commission's initial response on Friday, which had said only that it was studying the outcome of the Supreme Court decision and keeping in contact with the U.S. administration.
Last year'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. The EU agreed to remove import duties on many U.S. goods and withdrew a threat to retaliate with higher levies.
Read more: https://www.reuters.com/business/eu-says-it-will-accept-no-increase-us-tariffs-after-supreme-court-ruling-a-deal-2026-02-22/
SunSeeker
(58,047 posts)Goonch
(4,546 posts)
Jim__
(15,144 posts)mdbl
(8,423 posts)Rename Dump's book to "The Fart of the Deal"
reACTIONary
(7,091 posts).... they are mostly at 15 % already, and tsf can't go higher. They lose the zeros, but it sounds like they are higher than 15% on others, like steel. If those revert to at most 15, that might not be so bad losing the zeros.
Right now, the wouldn't want to retaliate because they are calling for playing by the rules. But if they do proceed to retaliate, tsf doesn't seem to be able to go higher.
dutch777
(4,997 posts)...and in fact Trump unilaterally basically rejiggers the year old deal, I hope the EU has the guts to meaningfully retaliate. Getting the US stock market to get jittery and dump 10% of value will send a message. Of course the market is already on shaky legs when you look close.