Feb. 23 (UPI) -- The European Union's parliament on Monday canceled its vote to ratify the EU's trade deal with the United States after last week's tariff complications from the Supreme Court and the White House.
On Friday, the Supreme Court ruled that President Donald Trump's use of the International Emergency Economic Powers Act of 1977 to levy tariffs was illegal. In response, the president announced a 10% across-the-board tariff, then later changed it to 15%.
Trump cited a seldom-used law, Section 122 of the Trade Act of 1974, which he said allows him to impose a blanket tariff on all goods imported into the United States for 150 days. Congress would have to extend the tariff beyond that deadline. That tariff takes effect Tuesday. The 15% tariff is in addition to existing tariffs on specific nations or goods.
European trade lawmakers halted the vote on the 15% tariff deal made at the Turnberry Scottish golf resort in Scotland in July.
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