The European Parliament on Monday delayed a scheduled vote on moving forward with the ratification of its trade agreement with the United States, just days after the US Supreme Court issued a ruling on tariffs, two sources told Reuters. After the US Supreme Court invalidated his earlier global tariff measures,President Donald Trumpresponded by introducing a blanket 15% import duty. The European Parliament’s trade committee had been scheduled to vote on Tuesday, but the ballot has now been deferred, marking the second time EU lawmakers have paused the process, Reuters reported.

The European Union and the United States reached a trade agreement at the end of July, under which the EU is considering legislation to eliminate several import tariffs on American products. The deal, finalised in Turnberry, Scotland, also zero duties on US lobster exports. However, the proposal must still secure approval from both the European Parliament and EU member states before it can take effect.

Meanwhile, President Donald Trump on Monday renewed his criticism of the Supreme Court’s decision striking down his broad tariff policy. In a 6–3 ruling, the US Supreme Court held that he had exceeded his authority by invoking a long-standing federal emergency powers law to impose the so-called “reciprocal” tariffs.

The US president had invoked the International Emergency Economic Powers Act (IEEPA) to levy tariffs ranging from 10 percent to 50 percent on dozens of America’s trading partners. After the Supreme Court’s ruling, Trump replaced the earlier duties with a 10 percent blanket global tariff on foreign imports, which was later increased to 15 percent.

In a post on Truth Social on Monday, the US President said, “The court has also approved all other Tariffs, of which there are many, and they can all be used in a much more powerful and obnoxious way, with legal certainty, than the Tariffs as initially used.”

Calling the decision “ridiculous, dumb, and very internationally divisive,” Trump warned that he could resort to licensing powers to carry out what he described as “absolutely terrible” actions against foreign nations, particularly those he claims have been “ripping off” the United States for decades.

“But incomprehensibly, according to the ruling, we can’t charge them a license fee, yet all licenses carry fees. Why can’t the United States do the same?” Trump said. He went on to criticize the Supreme Court, arguing that the justices “should be ashamed of themselves” and claiming they had “done a great job for the wrong people.”

Wall Street futures and the US dollar declined on Monday as investors reacted to uncertainty surrounding American trade policy and questions over the Trump administration’s next move.

GetLatest NewsLive on Times Now along with Breaking News and Top Headlines fromUS Newsand around theWorld.

Megha Rawat is an Assistant News Editor at Times Now, where she drives the national news narrative with sharp political reporting, election coverage a...View More

Source: India Latest News, Breaking News Today, Top News Headlines | Times Now