Last mentioned: 8h ago
Parliament Vote
Scheduled vote for the EU-US trade deal in the European Parliament (now in doubt).
EU Response
European Commission demands the US honor the existing Joint Statement trade deal.
Tariff Hike
President Trump announces a 15% global import duty despite the court ruling.
SCOTUS Ruling
US Supreme Court rules much of the administration's tariff campaign under IEEPA is illegal.
The European Commission is urging the United States to uphold a bilateral trade agreement following President Trump's decision to implement a 15% global import duty. This move comes immediately after a US Supreme Court ruling against the administration's use of emergency powers for tariffs, creating significant volatility for international supply chains.
A series of new trade restrictions and retaliatory tariffs are disrupting global logistics, forcing a pivot toward near-shoring and regionalized supply chains. Market volatility is increasing as companies race to front-load inventory before new duties take effect.