Just when the EU looks to have settled one thing on the tariffs front, they are now getting thrown another curveball by the US. Yesterday, the EU parliament voted in favour of the legislation to remove duties on many US goods and imports.

That move is one to avoid another clash with the US on trade, essentially ratifying the trade deal from last year. It’s a move that they wanted to get done quickly as Trump’s reciprocal tariffs was shot down by the Supreme Court.

But now, we’re seeing this put out by the administration in Washington: US proposes 10% tariffs on 60 nations, forced-labour Section 301 probe

And that is creating another ruckus on the trade front internationally.

The EU is out responding to this as calling the latest tariffs as “unjustified”. Adding that it is on track to ensure the implementation of the supposed trade deal with the US by the end of June. In lieu of that, the EU says that it expects the US to “fully respect the terms of the trade deal”.

In other words, sneaking in additional tariffs on other grounds is not part of that surely.

But knowing Trump, promises hardly matter and so do any deals at the end of the day. Anything that is said or done after the fact will supplant any previous agreement as and when he feels like it. Just ask China.

This article was written by Justin Low at investinglive.com.