Maros Sefcovic

Person

Last mentioned: 5h ago

Timeline

  1. Legislative Vote

    Scheduled European Parliament vote on the trade deal faces potential postponement.

  2. EU Response

    European Commission demands clarity and warns of market disruption.

  3. Tariff Hike

    Trump announces a temporary 15% global import duty despite the court ruling.

  4. Supreme Court Ruling

    SCOTUS rules that the use of IEEPA for broad tariff campaigns is illegal.

  5. Joint Statement

    EU and US reach a trade agreement capping tariffs at 15%.

Stories mentioning Maros Sefcovic 1

Regulation Bearish

EU Demands US Honor Trade Deal After Supreme Court IEEPA Ruling

The European Commission is demanding clarity from Washington after President Trump imposed a 15% global tariff hike immediately following a Supreme Court ruling that curtailed his trade powers. The move threatens a fragile year-old trade agreement and has prompted the European Parliament to consider freezing legislative work on the deal.

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