The European Commission has vowed to abide by the terms of a trade deal signed with the United States last year and called on President Donald Trump’s administration to meet its obligations, after Trump responded by imposing new tariffs after the U.S. Supreme Court’s decision to overturn previous tariffs.
Clarify the steps
The committee explained that the U.S. government needs to be clear about the steps it intends to take following the court’s ruling, and stressed in strong terms that the current situation is not conducive to achieving fair, balanced and mutually beneficial trade and investment as set out in the joint statement of the previous agreement.
He noted that imposing unexpected tariffs undermines confidence in global markets and represents a retreat from previously agreed comprehensive tariff caps that cannot be exceeded.
The European Commission said it would abide by the terms of a trade deal it agreed with the United States last year, calling on President Donald Trump’s administration to meet its obligations after Trump responded by imposing new tariffs following a U.S. Supreme Court decision overturning previous tariffs.
Clarification of procedures
The European Commission made clear that Washington must outline the measures it intends to take in response to the court’s ruling, and stressed in strong terms that the current situation is not conducive to achieving fair, balanced and mutually beneficial trade and investment as set out in the joint statement of the previous agreement.
The report said the imposition of unexpected tariffs undermines confidence in global markets and represents a retreat from the previously agreed comprehensive tariff ceiling that cannot be exceeded.
