The European Union condemns proposed US 10% tariffs on 60 nations, citing violations of a recent trade agreement set for June implementation.
The European Union has labeled new US tariffs on 60 nations as unjustified, escalating trade tensions. The US proposed a 10% duty under a forced-labor probe, clashing with a pending EU-US trade deal aimed for completion by June 30.
The EU Parliament recently approved legislation to remove duties on US goods, ratifying a 2023 trade agreement. The move followed the Supreme Court blocking Trump-era reciprocal tariffs, but the latest US action threatens to derail progress.
EU officials demand the US respect the deal’s terms, warning additional tariffs violate agreed conditions. Markets monitor developments as trade policy uncertainty rises amid broader geopolitical risks.