The U.S. Supreme Court’s overturning of Trump’s global tariffs raises the question: Are the trade agreements previously signed between other countries and the Trump administration still valid? Let’s take a look at the latest statements from various parties.
Grellier states: Despite setbacks in tariff rulings, U.S. bilateral trade agreements remain in effect
On February 22, U.S. Trade Representative Grellier stated that the defeat of Trump’s tariff policies in the Supreme Court will not dismantle the existing agreements the current administration has reached with trade partners.
During an appearance on CBS’s “Face the Nation” on Sunday, Grellier said that agreements with the European Union, South Korea, and other countries and regions are still valid. He attempted to distinguish these existing arrangements from the 15% global tariff plan announced by Trump on Saturday.
Grellier said, “We want them to understand that these agreements will be mutually beneficial, and we will honor our commitments, just as we expect our partners to do the same.”
On Sunday, the European Parliament’s trade chief indicated he would propose freezing the approval process for the EU-U.S. trade agreement until the Trump administration provides detailed information on its trade policies.
Grellier mentioned that he “spoke with EU colleagues this weekend” and will communicate with officials from other major U.S. trade partners to reassure them.
EU may freeze approval of U.S.-EU trade agreements
The European Parliament’s trade chief plans to propose freezing the approval process for the EU-U.S. trade agreement until the Trump administration submits detailed information about its trade policies.
Bernd Lange, Chair of the European Parliament’s Trade Committee, said he would propose suspending the legislative approval of the so-called Turnberry Agreement at an emergency meeting on Monday, “until we receive a comprehensive legal assessment and clear commitments from the U.S.”
Lange wrote on social media on Sunday, “The U.S. government is purely chaotic regarding tariffs. No one can understand it anymore—only unanswered questions and growing uncertainty remain for the EU and other U.S. trade partners.”
According to an agreement reached last summer between Trump and European Commission President von der Leyen, the U.S. would impose a 15% tariff on most EU exports while removing tariffs on U.S. goods entering the EU. Additionally, the U.S. would continue to impose a 50% tariff on European steel and aluminum imports.
The EU previously agreed to this unequal deal to avoid a full-scale trade war with Washington and to maintain U.S. security support, especially regarding Ukraine. The parliament was scheduled to approve the agreement in March.
French Foreign Minister Jean-Noël Barrot stated that they are analyzing whether the EU-U.S. trade agreement “is still valid.”
(Source: China Fund Report)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
After the U.S. Supreme Court overturned Trump's global tariffs, are the trade agreements previously signed with the United States still valid?
The U.S. Supreme Court’s overturning of Trump’s global tariffs raises the question: Are the trade agreements previously signed between other countries and the Trump administration still valid? Let’s take a look at the latest statements from various parties.
Grellier states: Despite setbacks in tariff rulings, U.S. bilateral trade agreements remain in effect
On February 22, U.S. Trade Representative Grellier stated that the defeat of Trump’s tariff policies in the Supreme Court will not dismantle the existing agreements the current administration has reached with trade partners.
During an appearance on CBS’s “Face the Nation” on Sunday, Grellier said that agreements with the European Union, South Korea, and other countries and regions are still valid. He attempted to distinguish these existing arrangements from the 15% global tariff plan announced by Trump on Saturday.
Grellier said, “We want them to understand that these agreements will be mutually beneficial, and we will honor our commitments, just as we expect our partners to do the same.”
On Sunday, the European Parliament’s trade chief indicated he would propose freezing the approval process for the EU-U.S. trade agreement until the Trump administration provides detailed information on its trade policies.
Grellier mentioned that he “spoke with EU colleagues this weekend” and will communicate with officials from other major U.S. trade partners to reassure them.
EU may freeze approval of U.S.-EU trade agreements
The European Parliament’s trade chief plans to propose freezing the approval process for the EU-U.S. trade agreement until the Trump administration submits detailed information about its trade policies.
Bernd Lange, Chair of the European Parliament’s Trade Committee, said he would propose suspending the legislative approval of the so-called Turnberry Agreement at an emergency meeting on Monday, “until we receive a comprehensive legal assessment and clear commitments from the U.S.”
Lange wrote on social media on Sunday, “The U.S. government is purely chaotic regarding tariffs. No one can understand it anymore—only unanswered questions and growing uncertainty remain for the EU and other U.S. trade partners.”
According to an agreement reached last summer between Trump and European Commission President von der Leyen, the U.S. would impose a 15% tariff on most EU exports while removing tariffs on U.S. goods entering the EU. Additionally, the U.S. would continue to impose a 50% tariff on European steel and aluminum imports.
The EU previously agreed to this unequal deal to avoid a full-scale trade war with Washington and to maintain U.S. security support, especially regarding Ukraine. The parliament was scheduled to approve the agreement in March.
French Foreign Minister Jean-Noël Barrot stated that they are analyzing whether the EU-U.S. trade agreement “is still valid.”
(Source: China Fund Report)