EU Warns That Trump’s New Tariff Policy Breaks Trade Deal
Ship to shore cranes at the Port of Hamburg in Hamburg, Germany.
Photographer: Maria Feck/BloombergA European Union assessment found that President Donald Trump’s new tariff policy will increase levies on some of the bloc’s exports, including cheese and some agricultural products, above the level permitted in their trade agreement.
After the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world, he announced a new 10% global levy, which he then threatened to increase to 15% but hadn’t yet implemented as of Tuesday.