German analyst warns: US-EU deal was not part of supreme court ruling, uncertainty remains

Record ID: 2343308

  • Title: German analyst warns: US-EU deal was not part of supreme court ruling, uncertainty remains
  • Date: 20th February 2026
  • Summary:  FRANKFURT, GERMANY (FEBRUARY 20, 2026) (REUTERS VIA ZOOM) (SOUNDBITE) (English) ING CHIEF ECONOMIST, CARSTEN BRZESKI, SAYING: "At first glance, the Supreme Court's ruling actually brings some relief, and we see this in stock markets. But I think in the longer term, it still means new uncertainty, because the White House has already answered that there are alternatives, an
  • Embargoed:
  • Keywords: EU-US Trade Deal Trump US Supremce court
  • Location: FRANKFURT, GERMANY 
  • City: FRANKFURT, GERMANY 
  • Country: Germany
  • Topics: Europe,Economic Events
  • Reuters ID: LVA001723420022026RP1
  • Aspect Ratio: 16:9
  • Story Text:German analyst Carsten Brzeski, ING Chief economist told Reuters on Friday (February 20) the U.S. Supreme Court ruling against U.S. President Donald Trump's global tariffs did not necessarily mean any changes regarding the U.S.-EU deal.
    The deal which was closed last summer was not subject to the Supreme Court ruling, Brzeski said.  
    "This is a bilateral agreement and it now still depends on the Europeans whether or not they want to go on with this trade deal or whether European Parliament which had put the deal on ice in the Greenland conflict is now actually willing to open it up again. Or to simply sign it and agree to 15 percent tariffs." 
    Brzeski added that trade remains a top priority for the U.S. Administration and balancing global trade and following U.S. interests will clearly continue throughout the Trump administration. 
    The U.S. Supreme Court struck down Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, handing the Republican president a stinging defeat in a landmark ruling with major implications for the global economy. 
    The 6-3 decision, authored by conservative Chief Justice John Roberts, provoked a furious reaction from Trump, who denounced the justices who ruled against him.
    Trump said "other alternatives" are available to him to pursue tariffs, and announced a 10% global tariff under a legal authority different from the one at issue. 
    Germany's government on Friday said it was in close contact with the U.S. administration to figure out what the Supreme Court ruling meant for bilateral trade.
    (Production: Matthias Baehr, Lena Toepler) 
  • Copyright Holder: REUTERS
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