US Supreme Court Ruling Triggers New 15% Tariff: What It Means for the UK, EU and Global Trade Deals

- Advertisement -

The U.S. will not bow out of tariff deals it had already sealed with countries around the world. This includes the UK, EU, Japan, Switzerland and others. So said the Trump administration’s trade representative, Jamieson Greer, on Sunday, 22 February.

The U.S. Supreme Court ruled on Friday, 20 February, that many of the tariffs imposed by the U.S. president were illegal. This led to Trump announcing a new 15% global tariff on all imports the very next day.

Greer told CBS’s Face the Nation that the new levy was separate from agreements struck in the last 9 months with about 20 countries globally.

The UK’s education secretary, Bridget Phillipson, acknowledged on Sunday, 22 February, that the UK’s businesses faced uncertainty over the new 15% levy on imports from around the world. Phillipson stated to Sky News that the UK anticipates maintaining its preferential trade arrangements with the U.S.

US Supreme Court Ruling Triggers New 15% Tariff: What It Means for the UK, EU and Global Trade Deals

Business leaders also said that they expected the UK to double down on the existing deal announced by Trump with the UK Prime Minister, Keir Starmer, in May 2025, rather than walk away.

The EU said that it stands by its commitments to the deal struck between the European Commission Chief, Ursula von der Leyen, and Trump in Scotland on July 25. The agreement was for a 15% import tariff on most EU goods. This deadline amounts to half the date threatened by Trump at that time.

The bloc fears that Trump’s latest 15% levy could overturn the deal. If imposed over the existing tariffs, it may lead to an even higher rate on many goods. Such items would include wines and spirits.

So, in a strongly worded statement, the EU called on the U.S. not to walk back the July ’25 deal.

A deal is a deal, the EU said. The U.S. is the EU’s largest trading partner, so the EU has stated that it expects the U.S. to honour its commitments.

Roshan Abayasekara
Roshan Abayasekara
Roshan Abayasekara Was seconded by Sri Lankan blue chip conglomerate - John Keells Holdings (JKH) to its fully owned subsidiary - Mackinnon Mackenzie Shipping (MMS) in 1995 as a Junior Executive. MMS in turn allocated me to it’s principle – P&O Containers regional office for container management in South Asia region. P&O Containers employed British representatives

Hot this week

Could AI Become a Standard Companion to Scan Reports? New Analysis Finds Major Gains in Clarity

Science & Technology (Commonwealth Union) – Artificial Intelligence (AI)...

Classrooms on the Move: Kuwait’s School Relocation Order and the Battle for the City’s Future

Kuwait's private education system is moving rapidly toward an...

Here’s why Sri Lanka is the world’s most affordable retirement paradise for foreigners!

Sri Lanka (Commonwealth Union)_ Travel & Leisure, a leading...

Why More Ghanaians Are Suddenly Wearing This Cultural Outfit

On a crowded street in the heart of Accra,...

U.S.–Germany Trade Falls 5% While China Surges: A Turning Point in Global Economic Power?

German Chancellor Friedrich Merz to meet Chinese President Xi...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories

Commonwealth Union
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.