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Court Ruling, Trump Threats Stall US-EU Trade Deal
The US Supreme Court ruled that Trump's tariffs were illegal. Trump's team said it will stop collecting those taxes.
But Trump threatened to use tariffs in a much more powerful and harsh way. European leaders asked for clarity on Trump's tariff plans.
The European Union postponed its vote on a US trade deal. The European Parliament was expected to discuss what to do next.
Klear Note — Tariffs are taxes on goods from other countries. Higher tariffs make foreign products cost more. Trade deals between countries reduce these taxes to help businesses buy and sell more easily.
Key Terms 2
- tariffs
- taxes on goods bought from other countries
- levies
- taxes or fees the government collects