Skip to playerSkip to main content
  • 1 day ago
The European Union is set to freeze ratification of its trade deal with the U.S. as it seeks clarity on President Donald Trump's new tariff policy.
Transcript
00:00The European Union is set to freeze ratification of its trade deal with the United States
00:05as it seeks clarity on President Donald Trump's new tariff policy.
00:10According to a Bloomberg report, main political groups in the European Parliament
00:15say they will suspend work on approving the deal
00:18just days after the U.S. Supreme Court struck down Trump's use of emergency powers to impose global tariffs.
00:25A leading trade negotiator from the European People's Party said
00:30lawmakers have no other option but to delay ratification until there is more certainty.
00:37The deal had been targeted for approval in March, but it has already faced obstacles,
00:44including the U.S. expanding tariffs on metals and Trump's threats to seize Greenland.
00:49Trump's subsequent announcement of a 10% global tariff, later raised to 15%,
00:56has added to the uncertainty for trading partners.
Comments

Recommended