Trump's Global Tariff Disrupts US-EU Trade Deal

U.S. President Donald Trump declared a new 15% global tax on imports, effective Tuesday, after the United States===Supreme Court of the United States struck down his previous use of an emergency powers law for tariffs. Trump is now relying on another section of trade law to justify these tariffs. This move has caused frustration among European officials, who are seeking clarification on how the new tariff will affect the trade deal struck between the United States and the European Union this summer. The International===European Parliament's trade committee has postponed a vote on the deal's ratification, stating that the new tariff would break the agreed ceiling on tariffs. Other bilateral trade deals with countries like Brazil, India, and the United Kingdom are also under scrutiny, as they were negotiated using threats of now-invalidated tariffs as leverage. The uncertainty surrounding trade policy is expected to put continued pressure on the U.S. economy, as consumers and companies bear the cost of these tariffs.