economy

February 24, 2026

U.S. has breached trade deal and Europe is ready to retaliate, top trade lawmaker tells CNBC

The U.S. has breached the terms of its trade deal with the European Union "several times," top EU trade lawmaker Bernd Lange told CNBC.

U.S. has breached trade deal and Europe is ready to retaliate, top trade lawmaker tells CNBC

TL;DR

  • Top EU trade lawmaker Bernd Lange states the U.S. has breached its trade deal with the European Union several times.
  • The EU is seeking clarity from the U.S. government regarding the trade deal's standing amid new tariff announcements.
  • The European Parliament has paused work on ratifying the U.S.-EU trade deal.
  • The EU is prepared to use its Anti-Coercion Instrument (ACI) as a retaliatory measure if necessary, though some member states are hesitant.
  • Lange emphasized the need for certainty from the U.S. government that no new tariffs will be imposed for the next three years.
  • Recent U.S. tariff changes, including a universal 10% levy (potentially rising to 15%), have concerned European officials and harmed European small and medium-sized enterprises.

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