The European Union lawmakers in Monday said they will put on hold the key trade deal with Washington after the US Supreme Court struck downPresident Donald Trump’s tariffs.

According to AFP, the European Parliament negotiators will meet on Monday to formally agree to freeze plans to approve the deal agreed last year.

Bernd Lange, chairman of the parliament’s trade committee, said he will propose suspending the legislative work on the deal “until we have a comprehensive legal assessment and clear commitments from the US."

“Pure customs chaos on the part of the US government," Lange wrote on social media Sunday. “Nobody can make sense of it anymore – only unanswered questions and growing uncertainty for the EU and other US trading partners."

Also Read:US Supreme Court Strikes Down Trump’s Tariffs: ‘Illegal Without Congressional Authorisation’

According to Bloomberg, the deal struck last summer between Trump and European Commission President Ursula von der Leyen would impose a 15%tariff rateon most EU exports to the US while removing tariffs on American goods heading into the bloc.

The bloc had then agreed to the deal to avoid a full-blown trade war with Washington and retaining US security backing, particularly with regards to Ukraine. Parliament had been aiming to ratify the agreement in March.

Also Read:Deemed Illegal By Court, US Customs To Stop Collecting Trump Tariffs From Tomorrow

This comes after the US Supreme Court on Friday last week ruled that President Donald Trump violated federal law when he unilaterally imposed sweeping tariffs on several countries, marking a major setback to Trump’s aggressive trade policies with wide-ranging implications for the global economy.

Chief Justice John Roberts wrote the majority opinion on the matter, and the court agreed 6-3 that the tariffs – which raised duties as high as 50% on key trading partners like India and Brazil – exceeded the law. “We hold that IEEPA does not authorise the president to impose tariffs," Roberts wrote.

Source: World News in news18.com, World Latest News, World News