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The US Supreme Court has ruled today to halt tariffs imposed under the International Emergency Economic Powers Act (IEEPA). In response, the US Administration has indicated it will shortly enact a new 10% global tariff and initiate new tariff investigations under alternative instruments.
The American Chamber of Commerce to the EU (AmCham EU) continues to oppose broad-based tariffs as they disrupt supply chains and increase costs for businesses and consumers. We echo the US Chamber of Commerce’s call for the US Administration to use this ruling as an opportunity to reset its overall tariff policy.
There is now significant uncertainty for businesses that depend on a stable and predictable trade policy environment. Further guidance from authorities is required for companies to understand how the latest developments will impact their operations.
The EU-US trade and investment relationship is the most important economic partnership in the world. AmCham EU looks to the EU and the US to continue working closely together in support of their shared growth and security.
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