Tariff crisis Trump's tariff policy

Trade representative: We expect the agreements to be valid

The tariff agreements concluded between the US and other countries last year are not affected by Friday's ruling from the Supreme Court. That's what Trade Representative Jamieson Greer said in an interview with CBS on Sunday.

- We expect our partners to stand behind them. And none of them have come to me and said that the agreement is no longer valid. They want to see how this develops, he says.

The Supreme Court decided, based on an interpretation of the emergency law IEEPA, that Donald Trump acted outside his powers when he started a trade war with the entire world in April last year.

India postpones talks with the US after the Supreme Court's ruling

India is postponing a planned visit to the US for trade talks after the US Supreme Court invalidated large parts of Donald Trump's tariffs. The talks, which were to have been held this week, have been postponed to analyze the consequences.

The visit will only take place after both countries have studied and evaluated the development and its consequences, sources told Bloomberg.

Following the ruling, Trump has imposed a new global tariff of 15 percent.

Harsh criticism of Trump's new tariff order: "A real mess"

Donald Trump's new tariff order is causing international concern. After the Supreme Court invalidated previous tariffs, the president first raised them to 10 percent - and shortly afterwards to 15.

- To be completely honest, it's a real mess, says Japanese LDP politician Itsunori Onodera to national television according to Bloomberg.

Australia is considering countermeasures and an emergency meeting is being held within the EU. French Trade Minister Nicolas Forissier warns that the EU could hit back.

- We can no longer be naive, he says in an interview with the Financial Times.

EU may press pause: “Nothing seems understandable anymore”

The EU is considering putting the approval of this summer’s trade deal with the US on hold, following the new twists in the tariff crisis.

“Pure tariff chaos, nothing seems understandable anymore, only unanswered questions,” writes Bernd Lange, chairman of the Parliament’s trade committee, in a comment ahead of Monday’s meeting.

On Saturday, Donald Trump raised the new global tariff that was presented on Friday from 10 to 15 percent. It is in turn a response to the Supreme Court’s decision to invalidate the tariffs the president introduced broadly in April.

In their wake, the EU and the US reached an agreement this summer, with a tariff cap of 15 percent. That agreement has not yet been ratified.