Last mentioned: 5h ago
Scheduled Vote
Original date for the European Parliament trade committee to approve the EU-US deal (now in doubt).
Parliament Deliberation
Bernd Lange to call for a pause on legislative work regarding the EU-US trade deal.
EU Formal Response
European Commission demands 'full clarity' and insists the U.S. honor its trade commitments.
White House Response
President Trump calls the ruling 'deeply disappointing' and 'a disgrace' during a press briefing.
Global Duty Announced
Trump announces a 15% global import duty; Sefcovic speaks with Greer and Lutnick.
SCOTUS Ruling
The Supreme Court invalidates the sweeping tariff measures in a major blow to trade policy.
Supreme Court Ruling
U.S. Supreme Court rules much of the administration's IEEPA-based tariff campaign is illegal.
Revenue Milestone
US government reaches $134 billion in collected levies under the new tariff regime.
IEEPA Enacted
The International Emergency Economic Powers Act is signed into law, defining executive power during national emergencies.
The European Commission has issued a stern demand for the United States to uphold its bilateral trade commitments following President Trump's announcement of a 15% global import duty. The move comes immediately after a U.S. Supreme Court ruling limited the administration's tariff powers, creating a fresh wave of volatility in transatlantic relations.
The US Supreme Court has invalidated the Trump administration's sweeping tariff regime, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision jeopardizes over $134 billion in collected levies and creates immediate uncertainty for global supply chains and domestic inflation.