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Tariff Review Deadline
End of the 150-day period and expected conclusion of trade practice investigations.
10% Tariff Implementation
New global tariffs take effect for a 150-day window.
Supreme Court Ruling
The court strikes down the use of IEEPA for global tariffs in a 6-3 decision.
Trump Press Conference
President denounces the court and announces a pivot to the Trade Expansion Act of 1962.
Parliamentary Review
Bernd Lange calls for a hold on legislative work regarding the U.S. trade agreement.
EU Statement
European Commission issues a formal demand for the U.S. to honor the 'Joint Statement' trade deal.
Tariff Hike
President Trump announces a 15% global duty on imports despite the court ruling.
Diplomatic Outreach
Maros Sefcovic speaks with Jamieson Greer and Howard Lutnick to seek clarity.
SCOTUS Ruling
U.S. Supreme Court rules much of the administration's international tariff campaign is illegal under IEEPA.
The European Commission has called on the United States to uphold its existing trade agreements following President Trump’s decision to implement a 15% global import duty. This move, occurring immediately after a Supreme Court ruling against the administration’s tariff authority, has injected significant volatility into transatlantic trade relations and global supply chains.
The U.S. Supreme Court struck down President Trump’s use of emergency powers to levy global tariffs in a landmark 6-3 decision. Trump immediately retaliated by invoking the Trade Expansion Act of 1962 to impose a 10% across-the-board tariff for 150 days.