economy
February 22, 2026
US will not back out of its tariff deals with UK and others, says Trump trade representative
Promise comes as minister admits to ‘uncertainty’ about new 15% levy on imports from around the world
TL;DR
- US trade representative Jamieson Greer stated that the US will not back out of existing tariff deals with countries like the UK, EU, and Japan.
- This assurance comes after the US Supreme Court ruled many of President Trump's tariffs illegal and Trump announced a new 15% global tariff.
- Greer clarified that the new tariff is separate from agreements made in the last nine months.
- UK and EU officials expressed uncertainty but expected their preferential trade arrangements with the US to continue.
- The EU called on the US to honor its commitments, stating that a deal is a deal.
- Concerns exist that Trump's latest 15% levy could be imposed on top of existing tariffs, leading to higher rates on goods like wine and spirits.
- The new 15% tariff, enacted under the 1974 Trade Act, can be applied for only 150 days without congressional approval.
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