BR100 Decreased By (-0.85%)
BR30 Decreased By (-3.01%)
KSE100 Decreased By (-2.48%)
KSE30 Decreased By (-2.5%)
BECO 5.39 Decreased By ▼ -0.21 (-3.75%)
BML 65.81 Increased By ▲ 4.86 (7.97%)
BOP 35.93 Decreased By ▼ -1.44 (-3.85%)
CNERGY 8.72 Increased By ▲ 0.23 (2.71%)
DCL 11.19 Decreased By ▼ -0.56 (-4.77%)
FCCL 56.18 Decreased By ▼ -1.57 (-2.72%)
FCSC 5.20 Increased By ▲ 0.16 (3.17%)
FFL 17.53 Decreased By ▼ -0.36 (-2.01%)
FNEL 1.27 Increased By ▲ 0.03 (2.42%)
HUMNL 11.02 Decreased By ▼ -0.18 (-1.61%)
KEL 7.86 Decreased By ▼ -0.25 (-3.08%)
KOSM 6.06 Decreased By ▼ -0.31 (-4.87%)
MLCF 102.17 Decreased By ▼ -4.89 (-4.57%)
NBP 211.65 Decreased By ▼ -6.66 (-3.05%)
PACE 12.29 Increased By ▲ 1.12 (10.03%)
PAEL 44.65 Decreased By ▼ -2.37 (-5.04%)
PIAHCLA 29.16 Decreased By ▼ -1.50 (-4.89%)
PIBTL 17.83 Decreased By ▼ -0.79 (-4.24%)
PPL 238.78 Decreased By ▼ -8.04 (-3.26%)
PRL 38.43 Increased By ▲ 1.18 (3.17%)
PTC 70.36 Decreased By ▼ -1.24 (-1.73%)
SEARL 95.06 Decreased By ▼ -4.10 (-4.13%)
SSGC 30.30 Decreased By ▼ -1.64 (-5.13%)
TELE 9.00 Decreased By ▼ -0.18 (-1.96%)
THCCL 70.57 Decreased By ▼ -3.63 (-4.89%)
TPLP 12.65 Decreased By ▼ -0.67 (-5.03%)
TREET 24.86 Decreased By ▼ -1.00 (-3.87%)
TRG 64.50 Decreased By ▼ -3.00 (-4.44%)
WAVES 10.94 Decreased By ▼ -0.57 (-4.95%)
WTL 1.33 Increased By ▲ 0.06 (4.72%)
World

EU lawmakers say will freeze US trade deal after Supreme Court ruling

  • Trump temporarily raised global duty on imports into US to 15% at weekend
Published Updated
US Secretary of Commerce Howard Lutnick holds a chart as US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, DC, US, April 2, 2025. File Photo: Reuters
US Secretary of Commerce Howard Lutnick holds a chart as US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, DC, US, April 2, 2025. File Photo: Reuters
By

BRUSSELS: EU lawmakers said on Monday they would put on hold a key trade deal with the United States after a Supreme Court ruling struck down many of President Donald Trump’s tariffs.

European Parliament negotiators will meet on Monday afternoon to formally agree to freeze plans to approve the deal agreed last year.

The parliament’s trade committee had been due to give its green light on Tuesday to remove tariffs on US industrial goods as part of the accord.

But lawmakers from different parliamentary groups said they supported putting the deal on ice until there is more clarity on what the US ruling means for the EU.

Trade committee chief Bernd Lange convened the urgent meeting of the negotiators and said on Sunday he would propose pausing legislative work.

He was supported by the EPP, the biggest parliamentary grouping, as well as other blocs.

READ MORE: EU ‘expects’ US to honour trade deal as Trump hikes tariffs

EPP MEP Zeljana Zovko told AFP she supported putting work on hold until the European Commission clarifies with Washington what the conditions for the EU are and explain what is the “better option for us to continue with”.

Green MEP Anna Cavazzini said she supported pausing the vote until there was more clarity.

Trump temporarily raised the global duty on imports into the United States to 15% at the weekend, after which the EU called on him to abide by the deal.

Under that agreement, Washington agreed a blanket 15% tariff on most EU goods but his global duty could see EU goods face higher duties.

“We will not be able to vote on the Turnberry agreement until we have full clarity on how the Supreme Court’s ruling affects the tariff arrangement,” EU lawmaker for liberal Renew group Karin Karlsbro said, referring to the deal.

“The United States must get its trade policy in order, this level of chaos is not serious,” she added.

Comments

200 characters remaining