youtube
Henrietta Treyz, Co-Founder at Veda Partners, discusses her expectations for President Trump's State of the Union Address Tuesday, as well as the immediate reaction from Trump to the Supreme Court's tariff decision.
The European Union froze ratification of its US trade deal until President Donald Trump solidifies his upended tariff plans, injecting economic turbulence into an already strained relationship.
EU lawmakers on Monday suspended legislative work on approving the deal. The move came days 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.
Both European stocks and the S&P 500 were down 0.3% as cautious investors assessed the latest developments.
“We want to have clarity about the situation,” European Parliament trade committee chair Bernd Lange said at a meeting on Monday. “We want to have clarity from the US that they are respecting the deal because that’s a crucial element.”
The fresh delay extends an already long road for the trade deal, which was reached last summer but has never been fully implemented. If the pact falls apart, it threatens to reopen a wound in a transatlantic relationship already suffering as Trump vacillates on Russia’s war in Ukraine, pushes to control Greenland and insults EU leaders.
“Any Country that wants to ‘play games’ with the ridiculous supreme court decision, especially those that have ‘Ripped Off’ the U.S.A. for years, and even decades, will be
|
