U.S. has breached trade deal and Europe is ready to retaliate

By Holly Ellyatt
CNBC Europe
February 24, 2026
Category: Business & Politics
Region: United States, International

The US has breached the terms of its trade deal with the European Union and the bloc is ready to retaliate if necessary, a top EU trade lawmaker said. “We wanted to have really stability and predictability. And unfortunately, the government, the president of the US, has really made a breach of this deal several times,” Bernd Lange, chair of the European Parliament’s international trade committee. …European officials expressed concern about the latest levy. …The European Parliament announced Monday that it has paused work on ratifying the US-EU trade deal while it sought clarity from the White House on whether the deal still stands. Lange said… “We need clarity, and this is also my clear request for the United States government — give us a certainty that for the next three years, we have no other irritations with new tariffs from the United States, and then we stick to the deal.”

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