EU Lawmakers Pause US Trade Deal Over New Tariff

EU lawmakers have agreed to halt the approval process of a trade deal with the United States, primarily due to the recent announcement of a 15% tariff by the Trump administration. Bernd Lang, the chairman of the European Parliament's trade committee, called for an emergency meeting to reassess the EU-US accord.

The decision to pause the deal comes as EU lawmakers seek clarity on the impact of the tariff, which was initially set at 10% and later increased to 15%, creating economic uncertainty for EU exports. The trade deal, which was initially agreed upon last summer between US President Donald Trump and European Commission President Ursula von der Leyen, faces ongoing obstacles, including threats from the US to expand metal tariffs to cover hundreds of products.

The latest developments highlight the continuing uncertainty in EU-US trade relations, as the EU prepares for a broader review of its trade relationship with the United States.