US Supreme Court Ruling Invalidates Presidential Tariffs, Forces Trump to Pursue Section 122 Surcharges on EU Trade

Welcome to European Union Tariff News and Tracker. In a seismic shift for transatlantic trade, the US Supreme Court ruled in Learning Resources, Inc. v. Trump that the International Emergency Economic Powers Act does not authorize presidential tariffs, invalidating key IEEPA duties and forcing the Trump administration to pivot to temporary Section 122 surcharges. According to JD Supra analysis, this could layer a 10% global surcharge atop existing rates, potentially raising EU steel and aluminum imports from 0% duty-free quotas under Section 232 arrangements to 10%—even within limits—while over-quota volumes stay at 25% for steel and 10% for aluminum. These deals, forged last year between President Trump and Commission President Ursula von der Leyen, replaced metals tariffs with quotas and suspended EU retaliatory measures amid industrial cooperation pledges. Belga News Agency reports the European Parliament's International Trade Committee will vote Thursday on reviving the broader EU-US trade deal from summer 2025, offering zero tariffs on US industrial goods and more access for fisheries and agriculture. Safeguards include a sunset clause to March 2028 and a sunrise clause tying entry to enforceable terms, after pauses due to the court ruling and fresh Trump tariff threats. Tensions simmer as Trump slams French President Macron for snubbing a US-led Hormuz mission amid Iran strikes, widening NATO rifts per Hindustan Times, while EU oil import costs have spiked 50% in days, hitting €3 billion. MEP Kathleen Van Brempt warns of no blank check to Trump, demanding clarity amid US probes that could reshape deals. Businesses eye contract tweaks for tariff flux, with Section 301 investigations looming. Listeners, stay tuned as quotas hold but surcharges bite—transatlantic trade hangs in the balance. Thank you for tuning in, and please subscribe for weekly updates. This has been a Quiet Please production, for more check out quietplease.ai. For more check out https://www.quietperiodplease.com/ Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q This content was created in partnership and with the help of Artificial Intelligence AI.