Tariff crisis Trump's tariff policy

EU does not resume work on US trade agreement

EU parliamentarians have decided not to resume work on legislative proposals linked to the EU-US trade agreement. This is what Jörgen Warborn (M) from the EPP party group on X writes, according to Reuters.

"Unfortunately, the US matters have been postponed."

The EU Parliament has considered proposals to remove several EU tariffs on US goods as part of the agreement concluded in July last year. The agreement has been criticized for being unbalanced, as the EU is to reduce most tariffs while the US maintains a general level of 15 percent, writes Reuters.

Sources: US will maintain 10 percent tariffs against the EU

The EU expects that the US will not raise the general tariff on European goods to 15 percent, but will leave it at 10 percent. This despite statements by US Treasury Secretary Scott Bessent earlier today that an increase in global tariffs could be introduced this week, Bloomberg reports.

According to sources, the EU has received assurances that the US will maintain the universal tariff rate of 10 percent on exports to the Union.

Neither the US Trade Representative nor the EU Commission would comment on the information.