00:00It's Benzinga bringing Wall Street to Main Street.
00:02The European Commission on Sunday demanded that the United States honor the terms of
00:06last year's E.S. trade deal after the Supreme Court struck down President Trump's global
00:11tariffs, according to Reuters. The demand came after Trump announced temporary across-the-board
00:16tariffs of 10% on Friday and raised them to 15% a day later. The commission said Washington must
00:23provide full clarity on the steps it intends to take following the court ruling. The commission
00:27added that the current situation is not conducive to delivering fair, balanced, and mutually
00:32beneficial transatlantic trade as agreed last year and stated, adding a deal is a deal.
00:38Last year's agreement set a 15% U.S. tariff rate for most EU goods and allowed zero tariffs
00:44on some products. For all things money, visit Benzinga.com.
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