Europe has warned that trade deals struck with the U.S. could now be at risk after President Donald Trump unveiled a new global 15 percent tariff on all imports at the weekend. Trump’s move came after the U.S. Supreme Court on Friday struck down his global tariffs policy, implemented last spring, that had upset the long-standing global trading order.
Officials in Europe and London expressed alarm and consternation at the latest upheaval in global trade relations, saying Trump’s new tariff policy could upend trade deals signed with the U.S. last year. EU officials asked for more clarity from the White House as to what the new tariff policy framework means in practice for their respective trade deals, which saw most EU exports to the States hit with a 15 percent duty, and those from the U.K. slapped with a 10 percent levy.