EU Trade Chief Urges Pause on US Deal Approval Amid Trump Tariff Uncertainty

EU Trade Chief Calls for Pause on US Deal Approval

The European Union's trade chief, Valdis Dombrovskis, has urged a pause on the approval of a US trade deal amid uncertainty surrounding President Trump's tariff policies.

Background

The US and EU have been negotiating a trade deal for several years, with the aim of reducing tariffs and increasing trade between the two regions. However, President Trump's recent comments on tariffs have created uncertainty and raised concerns among EU officials.

Dombrovskis' Statement

In a statement, Dombrovskis said, 'We need to take a step back and assess the situation. We cannot proceed with the trade deal until we have clarity on the US tariff policies.' ^[1]

Impact on Trade

The pause in the trade deal approval process is likely to have a significant impact on trade between the US and EU. The EU is one of the US' largest trading partners, and a delay in the trade deal could lead to increased tariffs and trade tensions.

EU Lawmaker's Response

EU lawmaker, Bernd Lange, has also called for a delay in the trade deal vote, citing the uncertainty surrounding President Trump's tariff policies. Lange said, 'We cannot rush into a trade deal without knowing what the US tariff policies are.' ^[2]

Conclusion

The EU trade chief's call for a pause on the US trade deal approval is a significant development in the ongoing trade negotiations between the US and EU. The uncertainty surrounding President Trump's tariff policies has created a challenging environment for trade talks, and it remains to be seen how the situation will unfold.

Sources

[1] EU trade chief urges pause on US deal approval amid Trump tariff uncertainty
[2] EU lawmaker urges delay to US trade deal vote after tariff upheaval