EU Delays Approval of Trade Deal with US Over Uncertainty in Trump’s Tariff Policy
Brussels– The European Union has postponed the approval of its trade deal with the United States, citing uncertainties surrounding President Donald Trump’s tariff policies. This decision comes amid growing concerns in Brussels about the potential impact of US trade measures on transatlantic relations.EU Commission spokesperson Olof Gill addressed the issue during a press briefing, stating,…
Brussels– The European Union has postponed the approval of its trade deal with the United States, citing uncertainties surrounding President Donald Trump’s tariff policies. This decision comes amid growing concerns in Brussels about the potential impact of US trade measures on transatlantic relations.
EU Commission spokesperson Olof Gill addressed the issue during a press briefing, stating, “We look forward to our American counterparts explaining to us precisely what is happening.” Gill’s comments reflect the bloc’s need for clarity from Washington before proceeding with the agreement, which aims to boost economic ties between the two major trading partners.
The trade deal, negotiated over several years, includes provisions on tariffs, regulatory alignment, and market access. However, Trump’s administration has signaled a return to protectionist policies, including possible tariffs on key EU exports like automobiles and steel. Analysts suggest this could escalate into a broader trade dispute, reminiscent of tensions during Trump’s first term.
EU officials emphasized that the delay is not a rejection but a precautionary step. “We remain committed to strong US-EU relations, but predictability in trade policy is essential,” an anonymous source within the Commission told reporters.
The US State Department has yet to respond officially, but White House officials have defended the tariff approach as necessary to protect American industries. This development could affect global markets, with investors watching closely for signs of escalation.
As negotiations continue, both sides are expected to engage in high-level talks to resolve the impasse. The EU Parliament is scheduled to revisit the deal in the coming months, pending further assurances from the US.
