【By Observer Net, Ruan Jiaqi】

According to Bloomberg, on Monday local time, the European Parliament suspended the legislative process related to the trade agreement framework between the EU and the US reached last year, demanding the US to clarify its new trade policy under Trump.

Last week, after the US Supreme Court ruled that Trump's global tariffs were overreaching and illegal, the angry president immediately announced a 10% tariff on global goods, then raised it to 15%.

American media reported that over the weekend, EU Trade Commissioner Maros Szeliga had communicated with US Trade Representative Katherine Tai, and Commerce Secretary Howard Lutnick. On Monday, he submitted a report to European parliamentarians and EU member state ambassadors.

According to sources, in his report, Szeliga said that it might take up to four months to finalize the details of the new trade policy.

Another source said that most EU member state ambassadors still wanted to continue implementing the existing trade agreement, but even if both the US and the EU expressed willingness to fulfill the agreement, how to implement it and the pace of progress remained unclear.

According to the trade agreement framework reached by the US and the EU in July last year, except for goods covered by other industry tariffs, the US would impose a 15% tariff on most EU goods, while imposing zero tariffs on certain goods such as aircraft and parts; the EU agreed to cancel import tariffs on a large number of US goods and withdraw the threat of imposing retaliatory tariffs.

Bernd Lange, chair of the European Parliament's Trade Committee, revealed that the European Commission informed the lawmakers on Monday that the new global tariffs would be added on top of the current tariffs. This means that the tariff rates on some goods will exceed the 15% ceiling set in the US-EU trade agreement.

According to sources, according to the EU Commission's assessment, the tariffs on products such as butter, plastics, textiles, and chemicals will exceed 15% under Trump's new tariff plan. The EU Commission spokesperson Olov Gil declined to comment on this assessment report.

The change in tax rates for various economies under Trump's original tariff system and the new 15% uniform tariff. Reuters illustration

According to reports from American media, the new tariffs will come into effect at 00:01 on the morning of the 24th in Eastern Time. The US Customs and Border Protection (CBP) announced that it would stop collecting all tariffs implemented under the International Emergency Economic Powers Act (IEEPA). In a notice sent to shippers through its freight information service, CBP stated that it would deactivate all relevant tariff codes.

According to an earlier report by the Financial Times, after the implementation of the new tariffs, the average tariff of the EU will rise by 0.8 percentage points compared to what was agreed in the US-EU agreement; if the 1100 items previously exempted are included, Italy and France will be the most affected.

On Sunday, the EU Commission had already demanded clarification from the US, emphasizing that it would not accept an increase in tariffs, and criticized the current situation as violating the transatlantic trade and investment principles of "fairness, balance, and mutual benefit," saying, "A deal is a deal."

Reuters pointed out that both the EU and the UK have expressed their desire to maintain the previous agreement. However, some commentators believe that the US Supreme Court's ruling has revoked the legal basis for the original reciprocal tariffs, casting doubt on whether the agreement can continue.

At the same time, US senior officials are pressuring trade partners such as the EU and Japan to abide by their previous commitments.

Trump himself also directly intervened, warning countries on Monday local time. He posted on the social media platform "Truth Social" threatening that no country should "break the deal," otherwise he would impose higher tariffs on these countries based on other trade laws.

He wrote, "Any country that dares to play games with us over this absurd court ruling will face far higher tariff levels than those they recently agreed to, and the consequences will be more severe. Especially those countries that have been taking advantage of the US for years, even decades. Buyer beware!"

Trump also said that although the Supreme Court ruled that tariffs imposed under IEEPA were invalid, the ruling confirmed that he could impose tariffs in a "more powerful, more deterrent, and more legally certain" way based on other legal authorizations.

In another post, Trump hinted that the US might impose new license fees on trade partners, but did not reveal specific details. The Office of the US Trade Representative did not respond immediately to this.

According to a report by The Wall Street Journal on the 23rd, in addition to the 15% global tariff, the Trump administration is also planning to impose additional so-called "national security tariffs" on six industries.

According to sources, the new tariffs being considered may cover industries such as large batteries, cast iron and iron fittings, plastic pipes, industrial chemicals, and grid and telecommunications equipment. These tariffs will be imposed under Section 232 of the Trade Expansion Act of 1962, which grants the President the power to impose tariffs based on so-called "national security risks."

Trump has used the "232 provision" during his second term to impose tariffs on imported steel, aluminum, copper, cars, and car parts. However, so far, none of the products taxed under the "232 provision" have been included in other tariffs during his second term, and they are not affected by the recent Supreme Court ruling.

According to the report, in addition to the six industries mentioned by the sources, the Trump administration is also considering imposing tariffs on nine other industries based on existing "232 investigations," including semiconductors, pharmaceuticals, drones, industrial robots, and polycrystalline silicon used in solar panels. Many of these investigations started nearly a year ago, and after the Supreme Court issued its ruling, the Trump administration may accelerate the investigation process.

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Original: toutiao.com/article/7610306448043622931/

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