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EU set to freeze US trade deal approval over Trump tariff risk, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on February 23, 2026

1 min read

· Last updated: April 2, 2026

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EU set to freeze US trade deal approval over Trump tariff risk, Bloomberg News reports
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Feb 23 (Reuters) - The European Union is poised to freeze the ratification process of its trade deal with the U.S. and is seeking more details from President Donald Trump’s administration on its new

EU May Halt US Trade Deal Over Concerns of Trump Tariffs

EU Trade Deal Ratification in Jeopardy

Feb 23 (Reuters) - The European Union is poised to freeze the ratification process of its trade deal with the U.S. and is seeking more details from President Donald Trump’s administration on its new tariff program, Bloomberg News reported on Monday.

EU Seeks Clarity on Tariff Risks

Zeljana Zovko, the lead trade negotiator in the European People’s Party group on the U.S. deal, told Bloomberg in an interview that the EU has "no other option" but to delay the approval process to seek to clarity on the situation.

Role of the European People’s Party

The center-right EPP group is the largest political bloc in the European parliament.

(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Sharon Singleton)

Key Takeaways

  • Bloomberg reports the EU is set to freeze approval of its US trade deal.
  • EU lawmakers seek clarity on the Trump administration’s new tariff program.
  • Reuters notes it could not immediately verify the Bloomberg report.
  • The move reflects uncertainty over potential tariff changes and market impact.
  • Further steps depend on receiving detailed guidance from Washington.

References

Frequently Asked Questions

What is the main topic?
The article covers the EU’s plan to freeze ratification of its trade deal with the United States due to uncertainty around President Trump’s new tariff program, as reported by Bloomberg.
Why is the EU considering a pause?
EU officials are seeking more details on the scope and legality of the Trump administration’s tariff plans before proceeding with ratification.
Has the report been independently verified?
Reuters states it could not immediately verify Bloomberg’s report, highlighting ongoing uncertainty.

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