00:02The European Union is holding an emergency meeting today with its trade chief expected to propose suspending ratification of the
00:10U.S.-EU trade deal until Brussels gets what it calls full clarity on American tariff policy.
00:17The move follows a Supreme Court ruling on Friday that President Trump does not have the authority to impose unilateral
00:24tariffs under the International Emergency Economic Powers Act.
00:27A day later, the president posted on Truth Social that because of the ruling, he's, quote, effective immediately, raising the
00:3510 percent worldwide tariff to 15 percent.
00:38European officials are pressing the White House for answers on how that decision affects trade agreements signed last year.
00:45The EU's international trade chair blasted the situation on social media Sunday, calling it pure customs chaos on the part
00:54of the U.S. government, adding, quote,
00:55no one can make any sense of it anymore.
00:58The Trump administration is pushing back.
01:00Trade Representative Jameson Greer told CBS the White House intends to stand by the agreements already reached.
01:07And I've been telling them for a year whether this case, whether we won or lost, we were going to
01:12have tariffs.
01:13The president's policy was going to continue.
01:15That's why they signed these deals even while the litigation was pending.
01:18So we're having active conversations with them.
01:21We want them to understand that these deals are going to be good deals.
01:24We expect to stand by them.
01:25We expect our partners to stand by them.
01:28And I haven't heard anyone yet come to me and say the deal's off.
01:31They want to see how this plays out.
01:33The EU does have tools to respond.
01:36Its so-called anti-coercion instrument allows Brussels to restrict trade or investment from countries it determines are applying economic
01:45pressure on member states.
01:46For now, European leaders say they want clarity.
01:49But the standoff over tariffs is clearly escalating.
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