EU Halts US Trade Deal Ratification Over 15% Tariffs

The European Union has paused ratification of its trade agreement with the United States after Washington imposed a 15% tariff on EU goods. This follows the US Supreme Court striking down Trump's emergency tariffs, which Trump replaced with a 10% levy on all imports. The EU's suspension highlights ongoing uncertainty in transatlantic trade relations under Trump's administration. Nigerian exporters now face a 14% tariff on US exports (down from 27%), a significant reduction that could boost trade. EU lawmakers are seeking clarity on Washington's revised tariff framework before proceeding with the deal, which originally included a 15% EU tariff on US industrial goods and a 50% steel/aluminum tariff. The agreement, initially agreed last summer, has faced repeated obstacles including geopolitical tensions and policy shifts.

SOURCE: https://nairametrics.com/2026/02/23/eu-lawmakers-to-pause-us-trade-deal-over-15-tariff/