European Parliament Official: The Era of Arbitrary Tariff Increases by US Presidents May Be Coming to an End

Bernd Lange, Chairman of the European Parliament's International Trade Committee, stated on social media on the 20th that the US Supreme Court has set a "legal barrier," and the era of the US President imposing "unlimited and arbitrary tariffs" may be coming to an end.

Lange said that the latest ruling by the US Supreme Court on tariff policy "sends a positive signal for the rule of law," showing that "even the US President cannot stand above the law."

On the morning of the same day, the US Supreme Court ruled by a 6-3 vote that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs.

Lange stated that the European side "must carefully assess the ruling and its consequences." He mentioned that he had just held an emergency meeting with members of the European Parliament's US-EU trade agreement negotiation team to evaluate the possible impact of this ruling on the ongoing work of the European Parliament. According to the previously established plan, the European Parliament's International Trade Committee is scheduled to hold a meeting from the 23rd to the 24th to vote on legislative proposals related to the implementation of the US-EU trade agreement.

Last July, European Commission President Ursula von der Leyen and US President Trump announced that the US and EU had reached a new trade agreement. The core content includes the EU suspending tariffs on all US industrial goods and establishing a tariff quota system for a large number of US agricultural and food products entering the EU market, in exchange for the US imposing a 15% tariff on most EU goods exported to the US.