economy
February 24, 2026
European Parliament postpones vote on trade deal with US
This is the second such suspension by the European Parliament
TL;DR
- European Parliament postpones ratification of trade deal with the US.
- The deal requires the EU to pay a 15% import duty.
- The trade committee's vote has been postponed to a later date.
- This is the second suspension by the European Parliament.
- The delay is due to a need for legal clarity from the US regarding tariffs.
- The US Supreme Court ruled the president exceeded authority on tariffs under the IEEPA.
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