EU faces transition period with US after Trump tariff move

The European Union is facing a "transitional period" of a few months in relations with the U.S. after President Donald Trump's new "import surcharge", which threatens to undermine the trade deal the two sides struck last year, European Trade Commissioner Maros Sefcovic said on Tuesday.



The EU trade chief told a hearing of the European Parliament that U.S. counterparts, Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, had reassured him that they stood by last year's agreement.



"Of course, what is now ahead of us, this is the transitional period where they are figuring out how to deal with this really landmark court ruling and we are talking every day," he said, noting the surcharge could be in place for up to 150 days, providing a July 24 deadline to find a solution.