economy
February 21, 2026
US trade partners proceed with caution as they wait for Trump's tariff pivot
The United States’s global trade partners had their ears to the door on Friday, responding quickly after the Supreme Court decided to strike down President Donald Trump’s “Liberation Day” tariffs.
TL;DR
- The Supreme Court has struck down President Trump's tariffs.
- Global trade partners, including the EU and Canada, are responding with cautious optimism.
- Nations are waiting for the Trump administration's policy response before celebrating.
- The EU had been subject to a 15% reciprocal tariff on exports.
- The EU is seeking clarity on the U.S. response and advocating for lower tariffs.
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