Buried.News

The European Parliament paused the ratification process for a sweeping trade agreement with the United States after an emergency meeting in Brussels, citing uncertainty about whether the United States can guarantee its side of the deal. Bernd Lange, chair of the parliament’s international trade committee, said lawmakers could not predict additional U.S. measures or how the agreement would be honored.

As lawmakers announced the pause, President Donald Trump posted on Truth Social threatening “any country” that “play games” with the Supreme Court decision that struck down most of his tariffs, warning of “a much higher tariff.”

Markets fell during the developments, with the Dow dropping more than 710 points and the S&P 500 and Nasdaq also declining; the pan-European Stoxx 600 dipped and multiple national indexes traded lower.

After the court ruling on Friday, Trump signed an executive order imposing a 10% “global tariff” under a law not affected by the decision and said Saturday he would raise it to 15%, though an updated order had not been released. Customs and Border Protection said duties under the invalidated tariffs will stop being collected Tuesday.